eTail West: The Virtual Summit & Expo for E-commerce & Omnichannel Innovators
The Virtual Summit & Expo for eCommerce & Omnichannel Innovators
BEPS is boosting tax management to a Board-level concern.
That’s one of the major takeaways of a global BEPS survey conducted by Deloitte. The survey findings are based on responses from over 600 tax and finance managers and executives from multinational companies (MNCs).
Overall, survey respondents are expecting substantial changes and major impacts from BEPS requirements. Additionally, the survey report’s analysis indicates that MNCs “will need to more tightly integrate their tax strategies with their business operations and actively embrace programs to manage key issues (e.g., advance pricing agreements and dispute resolution mechanisms) where possible...”
Other key findings include:
Managing the increased level of complexity and transparency from BEPS extends beyond tax to the C-suite and has now become a Board-level concern. MNCs who are not currently aligned on their approach to tax compliance from a strategic perspective will soon be forced to do so or potentially risk their global reputation with tax authorities, non-governmental organization (NGOs), and the media.
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.
Discover how our technology solutions and software can help you streamline tax, stay compliant, and grow your business.
Browse All Solutions