Time: 3:00 - 4.00 PM (MYT)
The recent G7 Statement on 28 June 2025, announcing the adoption of a "side-by-side system" for US tax legislation, has reshaped the global conversation on Pillar Two. Under the proposed “side-by-side” approach, US-parented multinational groups would be exempt from the Income Inclusion Rule (IIR) and the Undertaxed Profits Rule (UTPR) – a shift that could significantly alter the playing field for international tax.
Some see this as a pragmatic alignment with the US’ existing minimum tax regimes; critics warn it could weaken the global minimum tax regime and create competitive imbalances for non-US groups. With implementation discussions now moving to the OECD/G20 Inclusive Framework, businesses face new uncertainty – and potentially, new opportunities.
• The current status of Pillar Two
• How the G7 proposal changes the global minimum tax landscape
• Implications for multinationals and tax policy globally
• What to watch out for as the OECD moves to translate political agreement into practical rules
Moderator:
Aurobindo Ponniah, Executive Director, PwC Malaysia, IFA Malaysia Executive Committee Member
Speakers:
Doug McHoney, PwC International Tax Services Global Leader
John Peterson, Head of Division, Centre for Tax Policy and Administration, OECD
To follow the updates, please visit the IFA Malaysia website.
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