Worldwide Tax Summaries Online

The recent Inclusive Framework meeting in Cape Town has triggered fresh speculation about the future of Pillar Two, with varying interpretations of US Treasury’s presence. Meanwhile, the EU is set todiscuss the global minimum tax amid calls to ensure its businesses aren’t disadvantaged by unilateral US actions. And there is a suggestion that individual Member States could independently suspend Pillar Two. Watch Global Tax Talk every week for the latest on global tax policy developments so that you stay global tax ready. SUBSCRIBE TO GLOBAL TAX TALK https://cloud.email.pwc.com/global-tax-talk CONTACT THE GLOBAL TAX TALK TEAM gbl_tax_talk@pwc.com

The tariff landscape has been shifting dramatically, with some US tariffs on pause, while those on China have increased to 125% (later clarified to be 145%). Potential retaliations and the impact ontax remain concerns. In the UK, businesses are wrestling with the complexities of Pillar Two tax compliance, prompting a wave of government reminders about filings and warnings about penalties. Meanwhile, a major European trade group urges the EU to reassess its Pillar Two position, especially as the US and others remain on the sidelines. Watch Global Tax Talk every week for the latest on global tax policy developments so that you stay global tax ready. SUBSCRIBE TO GLOBAL TAX TALK https://cloud.email.pwc.com/global-tax-talk CONTACT THE GLOBAL TAX TALK TEAM gbl_tax_talk@pwc.com