Cross-border Tax Talks cover image

Cross-border Tax Talks

Global tax policy: searching for stability and certainty

Jan 8, 2025
Will Morris, PwC’s Global Tax Policy Leader and former Director of Global Tax Policy at General Electric, shares insights on the intricate world of global tax policy. He discusses the intersection of tax and trade, emphasizing the need for a cohesive strategy amidst geopolitical shifts. Will also delves into digital services taxes and their potential impact on multinational corporations. The conversation touches on Pillar Two, highlighting how the UnderTaxed Payments Rule could reshape the landscape, and the evolving role of the UN in global tax reforms.
40:19

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The implementation of the Pillar 2 engine revolutionizes tax compliance, streamlining complex calculations for multinational corporations amidst evolving global tax policies.
  • The rise of Digital Services Taxes (DSTs) presents significant challenges for U.S. multinationals, highlighting the necessity of adapting to varying regional tax frameworks and potential retaliatory actions.

Deep dives

The Impact of Pillar 2 in International Taxation

PwC's Pillar 2 engine is transforming tax compliance and modeling by utilizing a cloud-based centralized rules engine designed by global tax experts. This innovative tool simplifies complex calculations needed for compliance under international tax guidelines, offering immediate benefits to multinational corporations. By integrating over two decades of tax technology experience, the Pillar 2 engine aims to streamline tax provision processes, thus enabling firms to better navigate the intricacies of global taxation. The tool is now available as a service for businesses seeking to enhance their Pillar 2 compliance efforts.

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