The global tax landscape has been undergoing many changes which are being driven by a range of organisations such as the OECD, EU and the G7. A trend which is likely to continue over the coming years, particularly with the OECD and EU implementing a new minimum global tax rate.
Many of our clients have been faced with these changing complex global tax rules which have a significant impact on their cross border and domestic tax obligations. We help our clients to navigate this shifting landscape and remain both compliant and appropriately structured across multiple jurisdictions.
We work closely with our colleagues globally to provide a seamless multi-jurisdiction service offering which ensures clients have an appropriate tax structure that mirrors what they are doing operationally – a key consideration in a world where it is no longer possible to separate a company’s tax and operational presences.
Guidance on Pillar Two tax compliance, ETR assessments, and top‑up tax obligations.
Overview of Isle of Man’s implementation of OECD Pillar 2 global minimum tax rules.
Over the last year the proposals and additional details have been worked through with some announcements expected in mid-2022. We outline each of the proposals in turn below, providing details of what to watch out for, what is known and what has yet to be agreed.
3rd Floor
Exchange House
54-62 Athol Street
Douglas
Isle of Man
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