Next Stop, 15%: Global Minimum Taxes and the Intercompany Impact
Description
Global minimum tax (GMT) is making headlines for multinational organizations. Recently, several major tax reforms were passed that impact these businesses, including BEAT (Base Erosion Tax), The Inflation Reduction Act (a new 15% corporate alternative minimum tax) and Pillar 2 of the GLoBE rules (Global Anti-Base Erosion – a global 15% minimum tax). These regulations have put a spotlight on multinationals to refine global processes and increase granularity, transparency, and efficiency. This “call for clarity” has led to changes in policies and processes, such as transfer pricing, where audit defense is top of mind and intercompany plays an integral role. Companies striving to red...
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