Global Tax Technology
The Taxation Landscape Is Digitizing, What Are You Going To Do With This?
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November 20th, 2018
TPA Global offers a look on this evolving landscape and will guide you through with its Tax Technology roadmap. Find out what your technological needs really are and arm yourself for the digital future.
The Emergence Of Blockchain Technology – Key Points And Takeaways Discussed In The September 2018 OECD Blockchain Policy Forum
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September 19th, 2018
On September 4 and 5 th , a Forum on the future for global Blockchain policies was held at the OECD in Paris. The Blockchain Forum was brilliantly hosted by the OECD representatives, specially by its Secretary-General, Mr.
Tax Technology - Common Reporting Standard: China
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September 13th, 2018
On July 15, 2014, the Organization for Economic Co-operation and Development (“OECD”) approved the Standard for Automatic Exchange of Financial Account Information (“AEOI”), also known as the Common Report Standard (“CRS”). The due diligence procedures of the CRS are designed to identify accounts which are held by residents of jurisdictions with which the implementing jurisdiction exchanges information under the Standard.
Tax Technology - Common Reporting Standard: Australia
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September 13th, 2018
Tax authorities around the world are increasingly relying on digital methods to collect taxpayer data. Due to the growing demand for tax transparency, a lot of tax authorities are creating sophisticated data-gathering platforms that enable matching and sharing of taxpayer data.
CbCR, ICAP And CRS - Taxpayer’s Rights In An Age Of Data Collection
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September 7th, 2018
The collection of information by tax authorities entails a correlative taxpayers’ right to access such information and correct its inaccuracies, along with an obligation for tax authorities to protect its confidentiality to the fullest extent possible from any form of misuse, either by tax administration officials or by third parties. However, while the legislative bodies (both national and international) have been increasingly imposing additional compliance burdens on multinational corporations, little has been said about the rights of these multinational taxpayers in this dynamic context.
CCCTB 2018 - Profit Allocation And A Fourth Factor: Data (Germany/France CCTB proposal)
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September 4th, 2018
Taxing multinational enterprises in a global market poses the challenge of factoring in economic reality when deciding upon a tax base. In this context, the European Commission published a proposal for a Council directive on a Common Consolidated Corporate Tax Base (CCCTB) in 2011, seeking to harmonize the 28 different corporate tax codes of the Member States into one set of rules.
Profit Allocation - ‘Formular Approach Versus Traditional Transfer Pricing’
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August 30th, 2018
To determine the proper level of profits in tax jurisdictions is extremely essential for the tax revenues of the hosting countries. The most widely-accepted principle for tax purposes by MNE groups and tax administrations is the arm’s length principle.
The Tax Audit Process: Current And Future Standards
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August 29th, 2018
Tax audit is a process where tax authorities, based on their own fact finding, check taxes filled by taxpayers, examine accounting books and documentation, as well as review legal interpretations that are relevant for the purpose of making the final tax assessment. If an additional amount of tax or refund arises as compared with the taxpayers’ assessment, tax authorities issue a notice to the taxpayer.
Tax Technology - Exchange Of Information And Data Analytics
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August 23rd, 2018
Exchange of information implies achievement of global tax co-operation through the implementation of international tax standards and other instruments to tackle tax evasion. 1
As the OECD pulls out international efforts to effectively promote information exchange and tax transparency across the globe, tax authorities are faced with the vast amount of data on Country-by-Country Reporting (“CbCR”), Master Files, Local Files and TP forms.
Tax Technology - Data Analytics in Australia
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August 21st, 2018
The data-driven government
In 2016, the Australian Taxation Office (ATO), moved from the electronic lodgement service (ELS) of client tax returns and other tax forms to a new platform: standard business reporting (SBR)..
Tax Technology - Choosing The Best Software Is Harder Than It Seems
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August 16th, 2018
Have you ever dreamed that the software would help you to perform your tax and transfer pricing tasks faster and more efficient? The dreams are coming true! The tasks can be automated and the transition is already happening, and not only among the corporates. In one of our previous articles, ‘ Tax administrations raise the playing field with technological solutions ’, TPA presented the increased usage of technology by tax administrations.
Tax Technology - Electronic Invoicing in South America
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August 14th, 2018
The digital age is rapidly transforming the relationship between tax authorities and taxpayers. Tax authorities are increasingly relying on digital means to gather and analyze tax data.
Tax Technology - Data Analytics in India
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August 9th, 2018
Detection of tax evaders in India using data analytics
Tax evasion has always been a problem in India, one of the fastest growing economies in Asia..
Data Analytics in the UK
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August 7th, 2018
Leveraging analytical tools for massive data analysis
The UK is one of the European leaders in the revolutionary compliance with a reputation for innovation in the field of digital tax compliance. By using common electronic filing of tax information through an online platform, the ever-growing amount of data is gathered by Her Majesty’s Revenue & Customs (HMRC).
Tax Authorities Are Powering Processes With Artificial Intelligence (AI)
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August 2nd, 2018
Facing challenges
As we described in our recent articles ‘ Tax Administrations (TA) Raise The Playing Field With Technological Solutions ’ and ‘ Experience of SAF-T in Europe (Starting Point Of Digitalization) ' , tax authorities around the world are facing many challenges brought along with international requirements for full transparency, substance and consistency of data worldwide. Leveraging AI as a tool to enhance efficiency, useful outliers and data analytics for the tax administrations has also been a trend among countries.
Analyzing Value Chains in Business Models Impacted by the Digital Economy
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August 2nd, 2018
Digitization has given rise to new firms and industries, besides altering the traditional business models and reshaping the global economy. That is a reasonable reason why companies have to evolve the way they conduct a Value Chain Analysis (VCA), in order to be streamlined for digital businesses.
Experience of SAF-T in Europe (Starting Point of Digitalization)
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July 26th, 2018
Touching down in Europe
With the current technological developments in the tax landscape, let’s not forget one of the starting points of the chain of technicalities. Initially agreed upon by all 38 OECD members of the Organisation for Economic Co-operation and Development (OECD), Standard Audit File for Tax (SAF-T) was one of the first tech-standard breakings into the European market.
The Audit Trail of Financial Technology
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July 24th, 2018
Following the flow
Financial technology (FinTech) is a hot topic today. Open a newspaper or check the headlines on internet and there is an article concerning FinTech, whether it is the trends on cryptocurrency, online investing or new technological ways to pay (i.
How SAT Changes Your Tax Bill With Blockchain & AI Technology
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July 20th, 2018
You must have heard about the famous ' Blockchain ' concept and may have benefited from the altcoin transactions. You must have also learned about the poor performance by tax authorities to data management and identify tax fraud, in particular, fraud pertaining to value added tax.
Tax Administrations Raise The Playing Field With Technological Solutions
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July 18th, 2018
Are tax administrations paving the digitalization path?
Tax administrations worldwide are increasingly relying on digital technologies for data gathering, exchange of information and analytics. Digital systems that are already in place can even provide real-time tax collections, re-conciliations and assessments.
How To Build A Global ERP Integration To Make Effective Global Tax Decisions?
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July 13th, 2018
If you are the CFO of a multinational group, are you able to make current tax decisions based on financial data from various ERP systems effectively? How do you deal with a law suit against the tax authorities of the jurisdiction in which one of your subsidiaries is located, based on their 5-year old tax returns that are supported by the financial data that you have no transparency to? These are common issues happening all around the world on a frequent basis.
Imagine, a multinational enterprise operating in the chemical industry using different Enterprise Resource Planning (ERP) systems for each of their services and administration.
TTI Achieves SAP Integration Certification For Its ERP2Tax Product
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June 13th, 2018
Tax Technologies, Inc. (TTI), a U.S. provider of high-end corporate income tax software serving large corporate customers and TPA Global Member , announced this week that its ERP2Tax, version 1.0, has achieved certified integration with the SAP® ERP application.

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