e20210805 The global minimum tax under BEPS 2.0: What are the latest proposals and will you be affected?
Please be reminded that this is an e-seminar which can be accessed anytime to obtain the CPD hours.
The OECD’s two-pillar approach to international corporate tax reform under BEPS 2.0 consists of Pillar One for creating a new taxing right for market jurisdictions and Pillar Two for introducing a global minimum tax. The proposed global minimum tax under Pillar Two has triggered considerable discussions in Hong Kong as it could substantially impact the long established simple and low tax system of Hong Kong. In this seminar, the speakers will:
- highlight the key design features of the Pillar Two rules as elaborated in the over 200-page blueprint on Pillar Two issued by the OECD in October last year;
- provide an update on the latest developments related to Pillar Two, including the 1 July 2021 Statement issued by the G20/OECD Inclusive Framework on BEPS and the communiqué issued by the G20 after the G20 Finance Ministers meeting held on 9-10 July 2021); and
- discuss the potential impact of Pillar Two on Hong Kong and the response options for the Hong Kong government and Hong Kong businesses, with illustrative examples