Wednesday, July 27 2022
12:00-1:00 PM ET
Location: Virtual

Program:
Don’t miss this exciting and timely discussion of the implications of Pillar 2 for U.S. companies if the reforms to GILTI in the House-passed version of the Build Back Better Act (BBBA) are enacted. This panel will assume that the reforms contained in BBBA would result in the rest of the world treating GILTI as a Qualifying IIR. The panel will explore the next step in the analysis, which is, what does it mean for GILTI to be a qualifying IIR and what aspects of Pillar 2 would remain relevant to U.S companies? For example, the panel will discuss what impact Pillar 2 may continue to have on US parent entities, foreign disregarded entities and branches, U.S. intermediate holding companies, partially-owned parent entities, as well as the Pillar 2 reporting and compliance requirements that may remain for U.S. based companies. To the extent that enactment of BBBA is no longer viable at the time of the panel, the panel will instead discuss the implications of Pillar 2 on US companies in the absence of US tax reform, including discussing different methods for allocating GILTI taxes to foreign entities for Pillar 2 computation purposes.

Learning objectives:

• Understand how Pillar 2 will apply if BBBA is enacted and GILTI is reformed.
• Understand how Pillar 2 will apply in the case of foreign parented US intermediate holding companies
• Understand the reporting and compliance requirements of US based companies under Pillar 2.

Moderator:
Jason Yen, Principal, EY

Panelists:
Joshua Odintz, Partner, Holland & Knight
Danielle Rolfes, Principal, KPMG
Robert Stack, Managing Director, Deloitte
(Potential government panelists to be named later)

Registration: Webinar are free for IFA USA members.
Non member rate: $100
Please note that the registration process will be in two steps.

First, purchase your pass on our website by clicking the Register button above.

After you complete your registration, you will receive an invitation from the Zoom platform where you will need to complete your registration for the live virtual event.

Scholarship Information

Cancelation and Refund Policy

CLE/CPE Information
Recommended CLE credits: 1.0 Taxation
Recommended CPE credits: 1.0 Taxes

In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour. IFA USA National Registry Sponsor # 112000
Program Level: Basic-CPE, Intermediate-CLE
Program prerequisites: None
Advanced Preparation: None

USA Branch, International Fiscal Association Inc. (IFA USA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

National Registry Sponsor #112000