Vertex Inc., today announced that the latest issue of The Tax Adviser features Chief Tax Officer, Bill Brennan's article on the implications of country-by-country reporting (CbCR).
The Organisation for Economic Co-operation and Development recently released its final version of a recommended reporting template and guidance for implementation of CbCR under Action 13 as part of its Action Plan on Base Erosion and Profit Shifting (BEPS).
Planning for and complying with BEPS CbCR reporting and dealing with additional audit activity will place new, significant resource demands on multinational corporations.
Brennan writes about why CbCR is one of the most critical elements of BEPS and outlines the impact on corporate tax in the June issue of AICPA's The Tax Adviser.
Since 1978, Vertex, Inc., has been a leading provider of tax technology and services, enabling companies of all sizes to realize the full strategic potential of the tax function by automating and integrating tax processes, while leveraging advanced and predictive analytics of tax data. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for every major line of tax, including income, sales and consumer use, value added and payroll. Headquartered in Pennsylvania, and with offices worldwide, Vertex is a privately held company that employs over 900 professionals and serves companies across the globe.
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Tricia Schafer-Petrecz, Vertex Inc.