The world of taxation is changing. The release of BEPS, although driven by a tax motive, has wide ranging implications for a CFO, as it not only demands full transparency on tax sensitive data but also requires a full disclosure of the operational and governance model of the company, in order to check for misalignments between all three. Hence, it is becoming more and more important for a CFO to move away from the ‘’staying out of trouble’’ attitude and adopt a proactive role in the journey towards full control.
The fourth step that you should take to be fully in control is aligning governance and operational conduct. This is important because after meeting your compliance requirements satisfactorily and running ratio analysis to identify and manage your risk positions, the next step is to assign clear roles and responsibilities to your team members responsible for managing these filings so as to allocate accountability on your team.
Check the video below to learn more about this process:
This step is part of a practical roadmap of 6 steps, meant to guide CFOs in their Journey of rising above troubles to reach a situation of full control.
You can find the whole series at the following link: https://www.tpa-global.com/cforoadmap
Or you can order the hardcopy version on Amazon:
If you are interested to get more information about being "fully in control" of your business operations, please feel free to contact us.
With the fast growth of China’s economy and the continuous improvement of the comprehensive strength of domestic enterprises, as well as the implementation of the “One Belt, One Road” policy, an increasing amount of Chinese enterprises are beginning to expand their global footprint and establish their presence in Europe.
TPA Global has developed a practical roadmap of 6 steps meant to guide CFOs in their Journey of rising above troubles to reach a situation of full control. These steps are presented in a series of short video clips (3-5 minutes):