Pillar Two Global podcast series: Global adjustments to accounting and tax provisions
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.
As multinationals prepare their tax and accounting efforts in preparation for Pillar Two, many questions remain around potential implications of accounting for income taxes by jurisdiction. Stephanie Hurst, Tax partner in the UK practice and leader of our UK global tax accounting team, along with Jay Morris, senior partner in the US Tax practice and Deloitte’s Global Leader of Tax Accounting, discuss global accounting standards including amendments made by the International Accounting Standards Board (IASB), emerging areas surrounding deferred tax calculations and how provision professionals should prepare for calculations by jurisdiction.
Global adjustments to accounting and tax provisions
Host: Carrie Falkenhayn
Speakers: Stephanie Hurst & Jay Morris
"The key for Tax provision professionals is going to be communication, planning and timing to update, test and run provision processes across departments at the headquarter country and local country operationks."
—Stephanie Hurst
"With the amount of legislative activity surrounding Pillar Two as well the new data, inputs and calculations associated with the rules, all this new information including the preparation and treatment of Country-by-Country reports will need to be included in control activities."
—Jay Morris
