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How the Pillar Two rules may impact Oceania financial services groups

Exploring the latest developments in the OECD’s BEPS Pillar Two initiative, and their potential impact on Oceania multinational groups operating in the financial services sector.

Related topics Tax Supply chain Global trade

In this episode of the EY Oceania BEPS 2.0 podcast series, host Tony Merlo explores the latest developments in the OECD BEPS Inclusive Framework’s Pillar Two initiative including, in particular, the release of the Pillar Two model rules on 20 December 2021.

This episode focuses on the potential impact of these model rules on Oceania multinational groups operating in the financial services sector, and features special comments and insights from Jacqueline Bennett.

Other episodes in this podcast series explore some different aspects of the Pillar Two model rules, including a general overview of how the rules may affect Oceania multinationals [Episode 2], the potential impact on taxpayers in the resources sector, [Episode 3] and what multinationals should be doing now from a tax systems perspective to be ready for the rules [Episode 5].

Learning outcomes

  • Impact of the Pillar Two model rules on the financial services sector.
  • Issues the Oceania banking sector should be focused on, arising from the Pillar Two model rules.
  • Impact of the Pillar Two model rules on the wealth and asset management sector. 
  • What financial services organizations should be doing now to prepare for the implementation of the Pillar Two model rules, including how tax functions should be approaching the stakeholder engagement process.

For your convenience, read the full transcript.

Presenters

Tony Merlo
Tony Merlo
EY Australia Tax Policy Partner
ey-jacqueline-bennett
Jacqueline Bennett
Partner – International Tax and Transaction Services

Podcast

Duration 12m 03s

In this series

(Event List - Manual)

What Oceania multinationals must know about the Pillar Two model rules

Exploring the latest developments in the OECD’s BEPS Pillar Two initiative, with practical insights as to how these developments are likely to impact Oceania multinationals
Podcast
Duration
16m 30s

Presenters

Tony Merlo

EY Australia Tax Policy Partner

Dean Madsen

EY New Zealand International Tax Partner

How the BEPS Pillar Two rules could impact Oceania resources groups

Exploring the latest developments in the OECD’s BEPS Pillar Two initiative, and their potential impact on Oceania multinational groups operating in resources and other capital-intensive industries.
Podcast
Duration
16m 02s

Presenters

Tony Merlo

EY Australia Tax Policy Partner

Andrew Nelson

EY Australia International Tax Partner