Meijburg & Co invites you to join us at a seminar where a number of experts will update you on the OECD BEPS 2.0 / Pillar Two consultation and international tax reform plans.
The OECD GloBE (Global (anti) Base Erosion), or Pillar Two, plan, is expected to have a significant impact on the international tax landscape. Unlike the expected impact of Pillar One – possibly limited to larger multinationals with a consumer-facing business – the Pillar Two measures are expected to apply to all multinational companies. The introduction at an international level of an income-inclusion rule for low-taxed income is envisaged. Secondly, a tax on base erosion payments is planned that would operate by way of a denial of a deduction or imposition of source-based taxation (including withholding tax) or a denial of tax treaty benefits. From a lawmaking perspective, implementation of these OECD plans will be challenging, as changes to domestic law and double tax treaties will have to be made and measures against the risk of economic double taxation will need to be taken. More directional information about Pillar Two is expected to become available in a public consultation document in early November, which will be addressed in detail during our event.
Sinan Gelici, International Tax Partner, Professor Otto Marres, Tax Partner, and Vinod Kalloe, Head of International Tax Policy, will be taking you through both the tax technical and the strategic aspects of these plans. There will be an opportunity for you to ask questions to the speakers.