Podcast overview
Matt Drucker, KPMG Department of Professional Practice partner, and Jenna Summer, KPMG Washington National Tax partner, join host John Barbagallo to discuss the Organisation for Economic Cooperation and Development (OECD) Pillar Two Global Anti-Base Erosion (GloBE) rules and the accounting implications under US GAAP and IFRS® Accounting Standards.
Resource
Global Minimum Tax
We address accounting questions related to the new GloBE rules.
Applicability
- Multinational enterprises (MNE) with consolidated group revenue exceeding €750 million in at least two out of the last four years
Report contents
- 00:20 – Introduction
- 00:50 – Overview of Pillar Two GloBE rules
- 03:05 – Accounting questions raised
- 04:00 – Accounting for the top-up tax: US GAAP
- 06:40 – Accounting for the top-up tax: IFRS Accounting Standards
Meet our team
John Barbagallo
Managing Director, Dept. of Professional Practice, KPMG US
Matt Drucker
Partner, Dept. of Professional Practice, KPMG US
Jenna Summer
Partner, Accounting for Income Taxes, KPMG US
John Barbagallo
Managing Director, Dept. of Professional Practice, KPMG US
Matt Drucker
Partner, Dept. of Professional Practice, KPMG US
Jenna Summer
Partner, Accounting for Income Taxes, KPMG US
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