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US QUEST report estimates widespread Pillar Two adoption outside the United States would result in an 18% increase in US multinationals' corporate tax liability, fewer jobs and less investment

|Tax Alerts, Information Reporting, Natio ...|United States
United States

  • A report by EY’s Quantitative Economics and Statistics (QUEST) practice finds that, even if the United States does not adopt the OECD’s BEPS 2.0 Pillar Two proposal, widespread adoption by other jurisdictions would increase the corporate tax liability of in-scope US multinational enterprises (MNEs) with operations both inside and outside the United States by 18%.
  • Widespread adoption of Pillar Two i…

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