Pillar Two and the Insurance Industry

Insurance groups need to start acting now to model the implications of these rules, as discussed by Ethan Zuo, John Salvaris and Peter Mallyon.

The Organisation for Economic Cooperation and Development (OECD) released Pillar 2 Model Rules for the implementation of a global minimum tax rate (GloBE Rules) In December 2021.  More recently, the OECD also released commentary for the Model Rules and some accompanying examples.  The potential application of the GloBE Rules to the insurance industry requires detailed consideration – given the global presence of most insurers, the complexity of different local tax regimes for insu...

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Authors: Ethan Zuo, John Salvaris,

Published Date: 07 April 2022