Blog

How is CbC reporting a resource challenge?

Preparing the CbC reporting template and dealing with the expected additional audit activities is likely to cause significant resource demands for the tax department.

Absent internal system changes, additional time-consuming manual processes and resources may be required on an annual basis. As a result of CbC reporting inquiries, increased tax examinations, and the likely increase in manual processes necessary to prepare the template, the overall availability of additional human resources becomes an even greater and more pressing issue for corporate tax departments.

Please remember that the Tax Matters provides information for educational purposes, not specific tax or legal advice. Always consult a qualified tax or legal advisor before taking any action based on this information.


About this Contributor

Bernadette Pinamont Headshot
Bernadette Pinamont
Chief Tax Officer

Bernadette Pinamont is the Chief Tax Officer – Income Tax in the Chief Tax Office at Vertex providing insight regarding in-house corporate tax department operations and working on the development of the company's income tax solutions under Vertex Enterprise. Prior to joining Vertex, Bernadette was Vice President Tax for Endo Pharmaceuticals Inc. and Head of U.S. Tax for AstraZeneca Pharmaceuticals. Bernadette's 30 year tax career also includes the corporate tax departments of DuPont, Syngenta, and Tyco Toys and, initially, EY. Bernadette is a graduate of Seton Hall University, from which she earned both a B.S in Accounting and Juris Doctor. She is a licensed attorney and CPA.

Join Our Newsletter

Get the latest tax & technology insights from Vertex.

Explore Our Solutions

Discover how our technology solutions can help you streamline tax and grow your business.

Learn More
Video Thumbnail Name