Pillar Two is no longer a future concept or a technical footnote in policy papers. It is here, it is being implemented, and it is already influencing real business decisions. And while it is often perceived as a primarily European initiative, in reality it is evolving into a global equation, shaped by the interaction—sometimes aligned, sometimes conflicting—between the United States, Europe and the OECD.
This complex and dynamic picture is precisely what Joanne Theodorides brings into focus at the 9th Cyprus International Tax Conference – Cyprus Tax Reform 2026: Implementation, Impact & Positioning in a Changing Global Tax Landscape. Her participation stands out because it moves beyond the narrow question of “what the rules say” and focuses instead on how the world around those rules is actually moving.
As Director in Tax Advisory at PwC Cyprus and Chair of the ICPAC Pillar Two Subcommittee, Joanne Theodorides operates daily at the point where international tax policy meets business reality. With more than 30 years of professional experience in the UK and Cyprus, and an active role on the PwC EU Direct Tax Group Technical Committee, she brings a rare, panoramic view of the forces shaping the global tax agenda.
Her session, “Pillar 2: US–EU–Global Dynamics,” is clearly forward-looking and highly topical. It explores how US tax policy under the current US Administration interacts with the OECD Pillar Two framework, where divergences arise in comparison with the European approach, and what these differences mean at a global level.
Through clear analysis and practical examples, Joanne Theodorides demonstrates why Pillar Two cannot be approached in isolation. Decisions taken in Washington influence thinking in Brussels. European choices shape implementation at Member State level, including in countries such as Cyprus. And multinational groups are ultimately required to operate within this multi-layered framework, balancing compliance, strategy and competitiveness.
For businesses, this discussion acts as a strategic radar—helping them understand where the global tax landscape is heading, which scenarios are gaining momentum and where future change may emerge. For tax professionals, it serves as a powerful reminder that tax today is not only about technical expertise, but about understanding geopolitical and policy dynamics.
For Cyprus, the relevance is particularly strong. As the country implements its own tax reform and repositions itself on the international tax map, understanding how Pillar Two fits into the broader global context becomes a strategic necessity. Not merely to comply with international standards, but to navigate them with confidence and foresight.
The message Joanne Theodorides brings to the 9th Cyprus International Tax Conference is clear: in the world of Pillar Two, advantage does not belong to those who simply read the rules, but to those who understand the environment in which those rules are shaped. And that understanding is exactly what makes this session both timely and essential.
Information
Sponsor:
SHAI (CY) LTD
Supporters:
Baker Tilly South East Europe, Deloitte, EY Cyprus, KPMG, PwC Cyprus, STI Taxand, The Marshall Islands Corporate Registry
With the support of:
Association of Cyprus Banks, Association of Certified Fraud Examiners (ACFE), Cyprus Bar Association, CFA Society Cyprus, Cyprus Integrity Forum (CIF), Cyprus Fiduciary Association (CYFA), Cyprus Institute of Internal Auditors (IIA Cyprus), Institute of Certified Public Accountants of Cyprus (ICPAC)
Organiser:
IMH
For more information and registrations, contact IMH:
Telephone: 22505555
Email: events@imhbusiness.com
