Course description
Join this short but important VantagePoint Pillar 2 tax overview training.
There certainly has been a huge amount of hype regarding the implementation of a global minimum tax rate. Proponents of the tax argue that it will promote healthy competition, as countries now have to provide services, rather than just tax savings to attract business. Detractors argue that it interferes with sovereign power of governments and will just increase costs. What is certain though is that it is here to stay, and with over 100 countries signing on to the implementation process, here to stay.
The aim of this VantagePoint course is not to look at the merits of such a global minimum tax, but rather to focus on the strategic and operational risks to businesses that will be created. To do this, a refresher of the key requirements of Pillar 2 will be covered.
Once that groundwork is laid, then we can start examining some key issues that would need to be considered, such as:
- What information is required from your data system?
- Do you have adequately trained/sufficient staff to produce the required reports?
- How up to date is your understanding of the various legal entities in your group?
- Can you identify the income streams and taxes paid by country?
- Do all our organisational structures still make sense in light of this change?
At the end of this session, it is hoped that you will have a clearer understanding of how Pillar 2 will impact your business and list of key issues to be resolved.
Upcoming start dates
Suitability - Who should attend?
This VantagePoint course is aimed at senior management who are concerned about the practical implementation of Pillar 2 across their organisation, not just the financial staff.
Outcome / Qualification etc.
At the end of this VantagePoint course, participants will be able to
- Explain the broad reporting requirements for Pillar 2 implementation
- Identify what information will be required for Pillar 2 implementation.
- Identify key risk areas for Pillar 2 implementation
- Identify potential changes to structures and costing methodologies that may need to be implemented as a result of additional tax costs
- Evaluate the impact on budgeting and forecasting processes in their business.
- Determine the practical staffing requirements in their business.
Training Course Content
- Review of key Pillar 2 concepts
- Practical implementation considerations relating to:
- Strategy
- Costing methodology
- Reporting structures
- Staffing
Course delivery details
- Group live instruction and illustrative examples
- Overview of common problem areas
- Interactive participation will be encouraged
- All participants will receive digital copies of the presentation slides, handouts and other course materials.
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