Cross-border Tax Talks

From Pillar Two to Transparency: A Tax Executive’s Perspective

Doug McHoney (PwC’s International Tax Services Global Leader) is joined by Tadd Fowler, Senior Vice President Treasurer and Global Taxes of Procter & Gamble. With nearly two decades at P&G, Tadd shares insights from his dual leadership in tax and treasury. Doug and Tadd discuss P&G’s approach to tax certainty, compliance in over 180 jurisdictions, and the strategic benefits of operating on a single ERP platform. They delve into US tax policy, the impacts of the Tax Cuts and Jobs Act, and P&G’s commitment to transparency and tax advocacy. Additional topics include preparing for Pillar Two compliance, managing ESG taxation, and adapting to evolving global tax landscapes.  See P&G’s Approach to Tax. 

Timestamps:

• 02:00 – What is a day in the life of Tadd Fowler? 
• 03:20 – How does Tadd manage the goal of being strategic and forward looking for P&G? 
• 05:10 – Does Tadd miss clients and client relationships? 
• 07:25 - What are P&G’s broad-base priorities in the coming year? 
• 09:50 - Why did P&G publish their approach to tax?  
• 11:35 – What are P&Gs treasury and tax function priorities? 
• 15:20 – Are consumption taxes and environmental taxes also within P&G purview?  
• 17:25 – What is P&G’s approach to Pillar Two?  
• 20:35 – What is P&G’s strategy regarding US tax policy? 
• 23:35 – Has P&G’s investment profile changed in the US, and what are some general thoughts on TCJA? 
• 26:50 - How do you communicate a potential 2025 tax reconciliation package to stakeholders outside of the US? 
• 29:55 – Does Tadd lose any sleep over Pillar One - Amount A? 
• 32:20 - Any thoughts on UTPR from a policy perspective?    
• 36:10 - What’s the most valuable piece of career advice? 

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