2min chapter

Cross-border Tax Talks cover image

Threading the Needle: Pillar Two and the IRA’s Green Energy Credits

Cross-border Tax Talks

CHAPTER

The Importance of Good Covered Taxes

If you add a lot of income that's not subject to tax, it will have a reducing effect on your effective tax rate. Changes to the denominator are not irrelevant in the pillar to computation but they will have a much less pronounced effect than changes to the numerator. It could mean some other territories effectively picking up the tax from a credit that was oftentimes designed to influence certain types of taxpayer behavior. Right, and obviously also an important piece for policymakers.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode