Understanding the global minimum tax and the growing risk of ransomware

The G7 announced a framework for a global minimum tax last week. In this episode, Amy Wang Miller, CPA, J.D., senior manager with the AICPA’s Tax Policy & Advocacy team, explains what the framework means, what accounting and finance professionals can expect next, and what the future of a global minimum tax looks like.

Also, we explore the growing risks and cost of ransomware with Gerry Glombicki, CPA, a director with Fitch Ratings insurance group, and how organizations should be approaching ransomware.

What you’ll learn from this episode:
 

• What exactly the G7 finance ministers agreed to regarding a global minimum tax framework.
• What political hurdles remain for a global minimum tax.
• How accountants and finance professionals should be preparing for a global minimum tax.
• How the growing risk of ransomware can cost organizations in unexpected ways.
• Why organizations should be thinking about ransomware holistically.

Play the episode below or read the edited transcript: