Oracle and Deloitte Help Multinational Organizations Prepare for OECD Pillar Two Requirements
Oracle News, Wednesday, January 10th, 2024
New capabilities in Oracle Fusion Cloud EPM and Deloitte's Pillar Two implementation services help finance leaders navigate new tax complexities and regulations
Oracle is introducing new capabilities to Oracle Fusion Cloud Enterprise Performance Management (EPM) that, when paired with Deloitte's implementation services, can help multinational organizations as they manage upcoming Organization for Economic Co-operation and Development (OECD) Pillar Two tax requirements. The combination of both offerings can help finance leaders simplify complex tax processes and reporting and achieve better alignment between finance, sales, and taxation through end-to-end process automation.
The OECD's Pillar Two requirements represent the largest change to global corporate taxation in decades. The new rules effectively create a global minimum tax rate of 15 percent and significantly impact financial processes and operating structures for large multinational organizations