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    Blog Post

    The OECD CbCR Template: Significant Data-Gathering Challenges

    In response to comments received from the business community on the initial draft of the Country-by-Country (CbC) reporting template, the OECD attempted to lessen the compliance burden for multinational enterprises (MNEs) in the final version of the template by reducing the amount of financial information required and providing some flexibility the in sources used to report the data. But will this really help?
    Blog Post

    How Tax Data Management is Rewriting the 80/20 Rule

    Attention, tax professionals: Are you ready to spend more time on the fun stuff? This question relates to the additional time tax professionals can spend on providing strategic value to their organization, thanks to breakthroughs in advanced technology and tax data management.
    Blog Post

    Cloud Insights, Part 1: Look to the Cloud for the Future of Tax

    Cloud computing “will be the default way of delivering technology in the future,” according to a recent Forbes column. While this prognostication may sound a tad exaggerated, there is plenty of evidence to support it, including this data point: 69 percent of organizations already use at least one cloud-based software application or use the cloud as part of their IT infrastructure, according to IDG research.
    Blog Post

    Transformation Key for Tax Function of the Future

    Charting a course for continuous transformation will be crucial for the tax function of the future. PricewaterhouseCoopers (PwC) has been doing some interesting research on this topic.
    Infographic

    5 Indirect Tax Challenges for Retailers

    See if you’ve mastered the 5 top tax challenges for retailers, and understand the areas you need to question when considering a retail tax automation system.
    Article

    5 Reasons for Tax Department Transformations

    Tax departments are transforming, no longer stuck in the shadows of change. Striving to become “tax-aware,” more and more tax departments are now starting to see a transformation within their company.
    Blog Post

    BEPS: The CbC Reporting Template Requirements

    As I noted in my previous BEPS post, Country-by-Country (CbC) reporting is one of the most critical elements of BEPS Action 13 - Re-examining Transfer Pricing, and is likely to be widely adopted by many countries.
    Blog Post

    Tax Outsourcing is Heating Up

    According to research from Deloitte, outsourcing is on the rise: 30 percent of companies surveyed "plan to increase their use of outsourcing for finance and accounting," which often includes outsourcing sales and use tax compliance. One of the primary drivers of this trend, according to the report, is the increased business flexibility that outsourcing enables.
    Blog Post

    BEPS: Country-by-Country Reporting Implementation

    So much has changed in the roughly two years since the Organisation for Economic Cooperation and Development (OECD) released its Action Plan on Base Erosion and Profit Shifting (BEPS) – which remains “the most significant transnational effort in the history of international taxation,” according to the Tax Foundation. Yet, the scope of that change pales in comparison to the amount of changes multinational enterprises (MNEs) will need to implement in the coming months.
    Blog Post

    Five Reasons Tax Departments are Transforming

    Fewer tax departments are stuck in “the shadows of transformation.” This good news – and vivid language – appears in a Deloitte report that examines tax transformation. One section of the report explains why tax functions are transforming.
    Blog Post

    Tax at Top of CFOs’ Priority Lists

    An invitation-only group of more than 100 chief financial officers that hail from some of the world’s largest companies, including Ford, Wells Fargo, Microsoft, Caterpillar, PepsiCo and Pandora, met at last week’s CFO Network conference to collaborate on the most pressing issues in global financial leadership today. Executives split up into five groups to debate their top priorities, which the whole conference then reviewed and voted on to select the top overall recommendations.
    Blog Post

    As IT Evolves, So Should Tax

    Late last year, former Gartner CEO, Manny Fernandez focused his discussion to a group of IT executives on the changing expectations board members have concerning CIOs and technology investments. Fernandez, who now sits on the boards of five publicly listed companies, advised CIOs to “stop talking about technology and talk about business,” and to “frame conversations not in terms of costs, but in terms of revenue and EPS [earnings per share].”

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