Andrew Prior discusses how the Pillar Two guidance released by the OECD this week appears to be an attempt to address US concerns regarding implementation and the treatment of clean energy tax credits but did not prevent Ways and Means Republicans from introducing legislation to counter Pillar Two. Andrew encourages companies to stay engaged around expired TCJA business tax provisions and the OECD global tax agreement.

IN THIS EPISODE
Andrew Prior, Managing Director, PwC’s Tax Policy Services Practice

In case you missed it, watch:
OECD guidance: Relief, with opportunity to comment
Will Morris on the rush of OECD guidance

Upcoming Webcast: The current state of the OECD's two-pillar solution

Background, insights, and other documents

PwC’s Pillar Two Country Tracker

PwC Tax Policy Alert: OECD releases Pillar Two STTR (07/19/23)

PwC Tax Policy Alert: OECD Releases Pillar One Amount B (07/19/23)

PwC Tax Policy Bulletin: OECD releases Pillar Two GloBE Rules Administrative Guidance and GloBE Information Return (07/19/23)

PwC Tax Policy Alert: OECD presents report to G-20 Finance Ministers and releases key documents under Pillar One and Pillar Two (07/17/23)

PwC Tax Policy Alert: OECD releases Outcome Statement on the two-pillar solution (07/13/23)

OECD Documents
OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (July 2023)

Public Consultation Document on Amount B of Pillar One (07/17/23)

Pillar Two Subject to Tax Rule (07/17/23)

Pillar Two GloBE Information Return (07/17/23)

Pillar Two Administrative Guidance (July 2023)

Amount B in a Nutshell (July 2023)

GloBE Information Return

The Subject to Tax Rule in a Nutshell (July 2023)

138 countries and jurisdictions agree historic milestone to implement global tax deal (07/12/23)

Outcome Statement on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy (07/11/23)

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