CCH® Tagetik’s Post

Check out this blog post if you want to discover how a corporation's use of tax incentives may be impacted by the global minimum tax. #globalminimumtax #gmt #Pillar2 #CCHTagetik #WoltersKluwer

What’s top of mind in tax policy as we enter 2024?     In my latest article in CFO, I share how the implementation of the OECD’s Pillar Two initiative, green tax credits, the corporate alternative minimum tax, and R&D incentives can impact your business and what you need to know to stay ahead.    #taxpolicy #OECD #PillarTwo #taxcredits #CAMT #KPMGTax 

In the world of constant tax policy transformation, how can businesses find certainty? Our EY 2024 Tax Policy and Controversy Outlook offers a deep dive into the actions businesses need to take amidst ongoing global tax reforms. For Kazakhstan - the new Tax Code is clearly #1 topic to watch in 2024. #TaxPolicy #TaxTransformation #FutureOfTax #EYTax

In her article with @Bloomberg Tax, @Crowe #tax managing partner @Nicole Bencik shares 3 areas tax leaders can prioritize to stay on top of market volatility. https://bit.ly/4bNBESF

Looking for certainty amid tax policy transformation? Read the EY 2024 Tax Policy and Controversy Outlook, which explores what you should act on now and what you should keep an eye on next. Detailed reports on tax policy and controversy developments in 75 jurisdictions are available for those who want to dig deeper. https://lnkd.in/e54gGqHS

Looking for certainty amid tax policy transformation?    Read the EY 2024 Tax Policy and Controversy Outlook, which explores what you should act on now and what you should keep an eye on next. Detailed reports on tax policy and controversy developments in 75 jurisdictions are included for those who want to dig deeper.

Delve into the BEPS Pillar Two tax framework, featuring the Global Anti-Base Erosion (GloBE) tax designed to govern the tax responsibilities of large multinationals. Read this article to stay informed. 🌎#TaxReform #GlobalBusiness

EY 2024 Tax Policy and Controversy Outlook explores what you should act on now and what you should keep an eye on next.

In the ongoing global tax competition, zero corporate tax jurisdictions have long stood out as attractive hubs for business headquarters. However, the landscape is shifting with initiatives like the OECD’s global minimum tax rate, aiming to balance the scales and reduce the prevalence of tax havens. As these changes unfold, the strategic decisions of countries and companies alike will continue to evolve, shaping the future of global tax policies. More: https://lnkd.in/e4-fGbP8 #tax #taxplanning #dawgenglobal

Pillar Two, the international global minimum tax agreement, has a considerable chance of failing. Failure may not be obvious—such as countries pulling out of the agreement or retaliating against its enforcement mechanisms—and it may even preserve the appearance of a 15 percent minimum tax. But Pillar Two may ultimately allow the same problems it was designed to address. Pillar Two’s thesis is that competition between countries constrains governments’ ability to raise net revenue from profitable businesses. The global minimum tax attempts to fix this. Pillar Two hopes to combat low tax jurisdictions by establishing a 15 percent minimum floor through a series of minimum tax backstops. This solution, however, may fall short. Countries and companies might nominally acquiesce to the 15 percent target while circumventing the intent of that goal. Tax Foundation’s concluding thoughts in this analysis is that Pillar Two may be stuck with the measurement it already has—one on which it has doubled and tripled down through cascading taxes. Countries will learn to subvert that measurement through tax credits and subsidies, which will ultimately create a more complex set of tax rules and policies for taxpayers to comply with. https://lnkd.in/eWubk5uX