February 8, 2024
How tax accounting teams can prepare for BEPS 2.0
BEPS 2.0 represents a monumental shift in global taxation. Multinational enterprises face multiple challenges, including adapting their tax operations, data acquisition, and infrastructure in response to these changes. Brian Foley, EY's Global Tax Accounting and Risk Advisory Services Leader; Jason Yen, Tax Principal in the International Tax and Transaction Services Practice at Ernst & Young LLP; and Jay Wright, Tax Partner in the US National Tax, Accounting and Risk Advisory Services Practice at Ernst & Young LLP, discuss the intricate technicalities of Pillar Two, emphasizing its role in establishing a global minimum tax rate of 15%.
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