Podcast: Pillar Two pregame show - Episode 5

Playing the long game: Strategizing for the future effects of Pillar Two

Nick Tricarichi

Nick Tricarichi

Partner, Dept. of Professional Practice, KPMG US

+1 571-538-2580

Anthony Burzinski

Anthony Burzinski

Partner, Accounting Advisory Services, KPMG US

+1 816-802-5970

Podcast overview

The Pillar Two rules are going to continue to evolve long after they are initially implemented in 2024. These changes are going to put pressure on a number of important areas for multinationals, including legal entity and operational structures, IT systems and financial reporting processes, just to name a few.

In this episode, Tony Burzinski, KPMG Accounting Advisory partner, and James Sanderson, KPMG Tax partner, join the show for the first ever Pillar Two draft! In the two-round draft, Tony and James take turns picking the most important long-term impacts of Pillar Two that companies should start capitalizing on today. 

Want us to answer your Pillar Two questions in our mailbag episode? Submit them here before Nov 30!


  • Multinational companies with consolidated revenues of at least €750M

Relevant dates

  • 2023 year-end reporting – Evaluate whether existing SEC rules require disclosure of the potential effects of Pillar Two
  • January 1, 2024 – Pillar Two rules begin to go into effect
  • Q1 2024 reporting – Account for the effects of Pillar Two in the interim tax provision

Podcast contents

  • 00:25 - Introduction
  • 03:40 – First overall pick: the Globe Information Return
  • 07:55 – Second pick: safe harbors
  • 11:00 – Third pick: legal entity rationalization
  • 14:25 – Fourth pick: finance transformation