Navigating Pillar Two’s side-by-side system in banking and capital markets

Global minimum tax rules continue to evolve, and for banking and capital markets organizations, regulatory design matters. In this episode, Denise Schwieger and Chris Riffle unpack the OECD’s newly released side-by-side system under Pillar Two and what it could mean for US-parented banks, broker-dealers, asset managers and capital markets groups. The discussion explores how the new framework interacts with highly regulated legal-entity structures, why recent OECD determinations are notable for US groups, and how tax leaders can balance near-term compliance with longer-term simplification opportunities as the rules take shape.