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.
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
