PODCAST

A Tough Pill(ar) to Swallow: Computing GloBE ETR for U.S. Multinationals

Podcast: What kinds of risks lie ahead for U.S. multinationals as the rest of the world prepares to implement the Pillar Two GloBE rules?

Gary Scanlon

Gary Scanlon

Principal, International Tax, Washington National Tax, KPMG US

Kevin J. Brogan

Kevin J. Brogan

Principal, International Tax, Washington National Tax, KPMG US

+1 202-533-3425

Marcus Heyland

Marcus Heyland

Managing Director, Economic & Valuation Services, Washington National Tax, KPMG US

+1 202-533-3800

KPMG Inside International Tax

The European Union may have failed yet again to secure an agreement among its members on Pillar Two. But many of our major trading partners remain interested in legislating on the Global Anti-Base Erosion (GloBE) rules, including through a minimum domestic top-up tax, a relatively new addition to the proposals. In this episode, we delve deeper into the conflicts that currently exist between the GloBE rules and the U.S. tax regime, including many business tax incentives that are currently available, and the impact this could have on U.S. multinationals’ effective tax rate (ETR) in computing their future GloBE tax liability.

Our host, Gary Scanlon, interviews Kevin Brogan from the International Tax group in the KPMG Washington National Tax (WNT) pratice and Marcus Heyland from WNT's Economic & Valuation Services group to get their thoughts on the current status of Pillar Two implementation and the future challenges it may present for U.S. multinationals.

 

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