The OECD’s Pillar Two imposes a global minimum tax, and its recent implementation in Japan will impact large foreign multinational companies in Japan in different ways depending on their global structure. In this episode of The Japan Perspective, Deloitte Tokyo’s tax professionals Joanna Hazel and Brian Douglas discuss the various mechanisms of Pillar Two and their impact on Inbound businesses’ tax considerations, as well as how to prepare for the implementation of the Income Inclusion Rule. They also discuss how businesses with subsidiaries in Japan can approach any potential future implementation of the other mechanisms of Pillar Two.