Are We There Yet? A Practical Discussion on Pillar 2 Challenges

Are we there yet? How about now? Now? Similar to parents with small children in the back seat of a car on a long trip that never seems to end, taxpayers have been impatiently waiting (and also dreading) for the Pillar 2 trip to reach its destination. Some taxpayers have experienced angst and trepidation, concerned by the ever-increasing burden placed on tax departments, while others eagerly await the new rules designed to provide for a coordinated system of taxation for large multi-national enterprise (“MNE”) groups. Whatever your feelings may be towards this monumental global tax renaissance, we may finally have ...