The release of BEPS, US Tax reforms and other tax policy initiatives, have wide ranging implications for Board members, as it not only demands full transparency on tax sensitive data, but also requires full disclosure of the operational and governance model of your company,
Aside from eliminating unwanted tax planning opportunities (closing loop-holes), the call by governments, NGO and your clients for transparency is increasing your compliance burden (cost may go up by up to 50%).
The additional compliance burden of repetitive tax reporting pushes for more automation of your in-house tax tasks. In addition, the risk of double taxation is steadily increasing since tax authorities are preparing for a massive tax digitalization and now are more aggressively fighting for “their fair share”.
In this context, the traditional protection for taxpayers through tax treaties, advance pricing arrangements, etc., has not really increased but rather decreased.
TPA Global has been advising multinational enterprises for more than 15 years and can assist your Board in:
Innovating your strategy and business model starts with a common understanding of your current situation. You need to know your starting point before you can move forward. Constantly understanding what is happening in the world around you and the ability of your organization to adjust to your context determines your success.