Pillar Two Challenges: Book Accounting and GloBE Income Calculation

International Tax Team video series – Overview of the book accounting considerations when calculating GloBE income under Pillar Two (part 4)

Kevin J. Brogan

Kevin J. Brogan

Principal, International Tax, Washington National Tax, KPMG US

+1 202-533-3425

Anthony Burzinski

Anthony Burzinski

Partner, Accounting Advisory Services, KPMG US

+1 816-802-5970

Titus Ball

Titus Ball

Advisory Managing Director, Accounting Advisory Services, KPMG US

+1 704-335-5559

May 5, 2023 | The underlying calculations for the Pillar Two global minimum tax on GloBE income rely on book accounting numbers. With Pillar Two implementation slated for January 1, 2024, in a number of countries, understanding the book accounting challenges is critical.

In this video, Kevin Brogan, International Tax principal with the KPMG Washington National Tax practice, sets up a discussion with KPMG Accounting Advisory Services professionals Tony Burzinski and Titus Ball on important book accounting considerations. Specifically, Tony and Titus provide insights on:

  • The impact of Pillar Two on the finance department and potential ways to limit that impact
  • The accounting net income book and tax related adjustments needed to determine GloBE income. 

This 17-minute video was recorded on April 21, 2023.

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