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Takeaways from Wyden proposal and revised EU directive (7:41)

Nita Asher
Monday, March 14, 2022

Nita Asher discusses Chairman Wyden’s proposed tax changes including expanding the list of countries with respect to Section 901 and turning off preferential rates and eligibility for entities in or operating in Russia and Belarus. She also shares her insights on tax challenges related to supply chain, currency fluctuations, and workforce and initial thoughts on the impact of the EU's revised global minimum tax directive on US international tax reform.

NOTE: The OECD on March 14 released a 228-page commentary to the OECD Pillar 2 model rules for a 15% global minimum tax. The OECD also announced a public consultation on matters that need to be addressed as part of an implementation framework that will now be developed by the OECD/G20 Inclusive Framework to support tax authorities in the implementation and administration of the Pillar 2 global minimum tax. The deadline for public comments is April 11.

And in case you missed it, check out the latest coverage linked below:

Podcast: Week in Review with Andrew Prior
Podcast: PwC’s 2022 Tax Policy Outlook
Legislative & Regulatory Weekly, Friday, March 11

Nita Asher, Principal, PwC’s International Tax Services Practice
Sindhu Blume, Host, Policy on Demand
Andrew Prior, Host, Policy on Demand