The introduction of a global 15% minimum tax rate represents a dramatic change in the international tax framework. The new rules have been agreed by 137 countries, will take effect through 2023 and 2024, and will have a significant impact on the tax profile of all multinational groups with global turnover exceeding €750m.
The impact will extend well beyond the tax department, and treasurers will need to understand the effect on their organisation.
This session provided an overview of the changes, discussed the potential impact on treasurers and treasury functions, and considered what actions they may need to take now in order to prepare for the introduction of the rules.
The discussion was led by Graham Robinson, International Tax and Treasury partner, and Rob Waddington, Treasury & Commodity Group partner, from PwC, and facilitated by Naresh Aggarwal, Associate Director from the Association of Corporate Treasurers
Click on the photo to read the speaker biography.
Rob is a partner in the PwC Treasury and Commodity Group. He joined PwC 17 years ago and has specialised in Corporate Treasury and Commodities for the last 14 years. Rob has been involved in the Treasury audit of a number of corporates as well providing non-audit Treasury and Commodity services which have included risk management reviews, vendor due diligence, treasury system selections/implementations as well as the setup of cash management activities.
Graham is an experienced international tax partner specialising in treasury matters. He advises many multinational companies on the tax consequences of treasury transactions including hedging, cash pooling and financing strategies. He leads PwC UK's tax treasury team, and works closely with HMRC on related policy issues.
This webinar, in association with PwC, took place on Wednesday 22 June, 12:30-13:15 BST.
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