Global Tax Cosourcing: Our Approach |
With changes in the regulatory landscape, an increasingly global economy and the sheer speed of transactions, companies need more visibility of the tax compliance process. Most tax and financial leaders want more visibility into transactions — regardless of where they occur or the presence of local tax personnel — for tax planning, compliance and risk management purposes. They want centralized control while maintaining decentralized operations. They need to be able to access tax and financial information. This means having:
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Tax professionals who are informed about your business’ structure
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Standardized, global processes for tax compliance and reporting
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Real-time monitoring of compliance status and assigned responsibilities at the country, entity and individual level
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Assurance that all tax compliance requirements are met
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Access to electronic copies of tax filings, tax memos and other documentation
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Access to a global network of industry-specific, subject matter professionals who will proactively identify potential issues and communicate those issues
Control, visibility and transparency. Does the decentralized structure of your enterprise prevent you from achieving these objectives? Often, diverse operating entities, supported by disparate tax reporting systems, obscure the tax department’s view. In such environments, it is imperative that process controls and risk management be managed centrally. Yet with increased importance on financial statement integrity and worldwide tax and regulatory changes, tax departments are expected to accomplish more than ever before, often with a fraction of the resources. Learn how Deloitte Tax LLP can help.
Global Tax Cosourcing
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