Pillar Two Global podcast series: A look at global safe harbor qualifications
Welcome to our Pillar Two podcast series, where our leaders converge to discuss the latest trends, challenges, and opportunities as it relates to the OECD Pillar Two model rules.
Temporary or permanent safe harbors, every multinational operating across jurisdictions is striving to meet these qualifications to avoid lengthy calculations and compliance burdens. However, many questions remain surrounding accounting standards and evaluations at the local level. In this episode of our global Pillar Two series, Daniel Stutzmann, Tax partner in the Swiss practice and US partner Jim Petrie, discuss calculations and data validation priorities for multinationals seeking to meet safe harbor qualifications, and how these calculations should be examined for local tax authorities.
Listen and subscribe to Deloitte’s Pillar Two podcasts:
Host: Carrie Falkenhayn
Speakers: Daniel Stutzmann & Jim Petrie
“Companies need to maintain a consistent approach so it’s best to rely on the consolidation standards used at the level of the ultimate parent entity but only in cases where data is not available at the jurisdiction level.”
– Daniel Stutzmann
“Companies are analyzing whether or not they should move away from using a US GAAP standard in certain jurisdictions as statutory financial statements might be a better economic reflection.”
– Jim Petrie
