Pillar Two Challenges: Data Gaps, Technology Needs, and Modeling

International Tax Team video series – Overview of the implementation challenges that the OECD’s Pillar Two presents beyond the tax technical (part 3)

Frank Angeleri

Frank Angeleri

Partner, Tax, KPMG US


John Modzelewski

John Modzelewski

Principal, Ignition Tax, KPMG US

+1 212-872-6572

Christian Tostenson

Christian Tostenson

Partner, Ignition Center, Tax Data Enablement, KPMG US

+1 404-222-7333

March 24, 2023 | With Pillar Two implementation upon us, many multinational companies are realizing that they are facing challenges that cannot be solved by tax technical knowledge alone. Data identification, technology requirements, and complex modeling needs are presenting equal if not greater hurdles to anticipated compliance requirements.

In this video, Frank Angeleri, a KPMG senior lead tax partner, interviews KPMG Ignition Tax principals John Modzelewski and Chris Tostenson to highlight what multinational companies should be considering now, including:

  • Where gaps may exist in data needed for Pillar Two compliance
  • How existing accounting and ERP systems may or may not be able to handle Pillar Two needs
  • How technology solutions should be evaluated and managed
  • What modeling capabilities are needed for the complex Pillar Two related calculations
  • What specific challenges U.S. multinational companies may face.

This 23-minute video was recorded on March 7, 2023.

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