International Tax Compliance: Strategies for Tax Substance Management & Compliance

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Managing transfer pricing and international tax compliance in disconnected silos of documents, spreadsheets and emails, managed inconsistently in different legal jurisdictions, leads the organization to inevitable failure. Without a coordinated strategy the organization and its various departments never see the big picture and fail to put tax compliance in the context of business strategy, objectives and performance, resulting in complexity, redundancy, and failure. An ad hoc approach results in poor visibility across the organization, because there is no framework for managing tax compliance as a part of understanding value creation in the organization and performance management. However, there is value to the organization as this can be seen as more than just a tax department issue, but also as an economic and business validation for the organization to understand how value is created throughout the organization supported by documentation and evidence.

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Description

International Tax Compliance

Strategies for Tax Substance Management & Compliance

Managing transfer pricing and international tax compliance in disconnected silos of documents, spreadsheets and emails, managed inconsistently in different legal jurisdictions, leads the organization to inevitable failure. Without a coordinated strategy the organization and its various departments never see the big picture and fail to put tax compliance in the context of business strategy, objectives and performance, resulting in complexity, redundancy, and failure. An ad hoc approach results in poor visibility across the organization, because there is no framework for managing tax compliance as a part of understanding value creation in the organization and performance management. However, there is value to the organization as this can be seen as more than just a tax department issue, but also as an economic and business validation for the organization to understand how value is created throughout the organization supported by documentation and evidence.

  1. International Tax Compliance Demands Attention
    • Interconnected Mess of Jurisdictions, Value & Transactions
    • Regulatory Enforcement and Audit Pressure is Building
    • Challenges Organizations Face Addressing International Tax Compliance
  2. Strategy for Tax Substance Management
    • Tax Substance Management Governance
    • Tax Substance Management Process
    • Tax Substance Management ArchitectureMonitoring and Managing Risk Effectively
  3. GRC 20/20’s Final Perspective
  4. About GRC 20/20 Research, LLC
  5. Research Methodology

rasmussenMichael Rasmussen – The GRC Pundit @ GRC 20/20 Research, Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. With 23+ years of experience, Michael helps organizations improve GRC processes, design and implement GRC architectures, and select solutions that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” — being the first to define and model the GRC market in February 2002 while at Forrester Research, Inc.


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