FEATURE
spreadsheets to compile and store all required information and perform the necessary reporting calculations . This won ’ t be straightforward , as Pillar Two requires data consolidation at each jurisdiction level .
But having the right data at the appropriate level is just the start ; the heightened demands of Pillar Two will also require close collaboration between the tax and finance functions .
The tax and finance challenge
To proactively address Pillar Two compliance obligations , it ’ s becoming clear
Organisations that employ this type of innovative approach will have the right data and technology infrastructure in place to ensure that their tax teams can meet the Pillar Two enterprise-wide challenge head on .
that the roles and responsibilities of the tax and finance teams will need to evolve .
Tax and finance departments will have to start working together more closely to decide how best to allocate resources to manage the risk of non-compliance . Alongside this , many organisations are now looking to handle some aspects of their tax obligations internally while
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