Global tax reform

Government policymakers around the world are working together on tax reforms that could significantly alter the way global businesses are taxed.

Of key importance is the OECD/G20 led project on addressing the tax challenges arising from the globalization and digitalization of the economy, commonly known as BEPS 2.0. The changes in development would significantly alter the overall international tax architecture under which multinational businesses operate.

 

The BEPS 2.0 project has two elements: Pillar One on new nexus and profit allocation rules with the objective of assigning a greater share of taxing rights over global business income to market countries and Pillar Two on new global minimum tax rules with the aim of ensuring that all global business income is subject to at least an agreed minimum rate of tax. All multinational companies will be affected by the fundamental changes to long-standing international tax rules contemplated under Pillar One and Pillar Two.


How ready are you?

The BEPS 2.0 Pillar Two project is reaching a critical phase, when businesses and governments need to shift from the potential impact of change to the practical aspects of applying and administering the new rules.

Get our latest global Tax Alerts

Keep up-to-date on significant tax developments around the globe with EY’s global Tax Alert library.

Tracking the latest BEPS developments

The EY BEPS tracker helps you monitor latest developments in jurisdictions related to the implementation of global minimum tax rules.

Our latest thinking

Five steps tax accounting teams can take for BEPS 2.0 

With BEPS 2.0 due to come into force in late 2023/early 2024, tax accounting teams prepare for Pillar Two rules on global minimum taxation. Learn more.

21 Mar 2023 Adam Sweet

How a global minimum tax will affect sustainability tax incentives

Multinationals and jurisdictions may need to rethink their sustainability tax incentives if countries adopt 15% global minimum tax rules. Learn more.

27 Feb 2023 EY Global

How BEPS 2.0 leads to a more integrated finance and tax function

The data challenge created by Pillar Two presents the finance and tax functions with an opportunity to future-proof their data streams. Learn more.

27 Jan 2023 EY Global

Why BEPS 2.0 needs consistency, coordination and certainty

The G20 must lead – and consider input from businesses – to make tax transformation workable for all. Learn more.

23 Jan 2023 Barbara Angus

How transformation is redefining the skillset of the tax professional

Thanks to a range of demands, the role of the tax professional is changing fast, which means the skills required are shifting, too. Learn more.

01 Jun 2022 EY Global
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