Tax Services

We’ll help you navigate the global tax landscape

The business and tax landscapes have changed dramatically, and the pace and complexity of change continues to increase. We can help you navigate this shifting landscape. Governments are tempering the need for revenue with increased competition for labor and capital. Tax authorities are adapting their enforcement strategies, focus and policies in response to the changing dynamics of business. Companies are balancing competing priorities, ensuring they maintain compliance while adding value. We can assist you with these critical issues in today's tax environment, including:


  • Seizing the opportunity in Global Compliance and Reporting

    Global Compliance and Reporting (GCR) is at a tipping point. Many companies distribute responsibility for GCR processes throughout their organization creating a patchwork. The results are suboptimal. Our recent survey shows a need for a new approach.

    Due to the combination of evolving business models, transforming finance functions and an increasingly complex regulatory landscape. There are new opportunities to better optimize efficiency, control and value, to help mitigate risk and improve performance.

    What is Global Compliance and Reporting?

    GCR comprises the key elements of a company's finance and tax processes that prepare statutory financial and tax filings as required in countries around the world. These duties include:

    • Statutory accounting and reporting
    • Tax accounting and provisions
    • Income tax compliance
    • Indirect tax compliance
    • Governance and control of the above processes

    GCR activities reside in the middle of a broader set of so-called record-to-report (R2R) processes. R2R is the intersection between any company's finance and tax departments and is used to capture, process and store information that is essential to statutory accounting, tax compliance and reporting. Any change to R2R processes, information, finance systems, roles and responsibilities will have a direct impact on GCR processes.

    Risk on the rise

    GCR risks are on the rise. Local jurisdictions are rewriting regulations, focusing more intently on the collection of tax revenues and sharing more taxpayer information across borders. At the same time, the global financial crisis has driven companies to redesign their finance operating models to remain competitive and to take advantage of opportunities for growth.

    Our new report Seizing the opportunity in Global Compliance and Reporting investigates the significant developments taking place as multinational companies determine the best way to meet financial reporting and tax obligations worldwide.

    Our case study highlights how we helped leverage an array of external providers

    Helping you achieve meet the new GCR demands

    Fast changing compliance and reporting requirements are more demanding on tax and finance functions today than ever before. So how do you improve control and quality, manage risk, create efficiency and drive value?

    Our market-leading approach combines standard and efficient processes, highly effective tools and an extensive network of local tax and accounting subject matter professionals.

    See more on how we can help you meet the demands of today's tax landscape

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  • Developing effective operating models

    Multinational companies continually adapt and transform their operating models as they seek to reach new markets and compete more effectively in mature markets. Companies’ operating models need to cater for efficiency and scale in mature markets, while having the flexibility and local ability to support growth in emerging markets.

    Consequently, driving true shareholder value requires an operating model that combines global and regionally differentiated processes, and integrates these with local execution capability and operational excellence.

    Integration of tax planning and business operations

    Whether companies seek to enter new markets or drive efficiencies in mature markets, leading companies understand both the optimal business configuration of their people and assets and the complexities of the international tax systems in which they operate. Operating models must be able to adapt to business drivers and the impacts of both direct and indirect taxes.

    Compliance with applicable local and international tax laws and effective management of tax risks must also be carefully considered and integrated to drive the holistic effectiveness of the operating model. Operating model effectiveness is one of the cornerstones of successful competition and differentiation.

    Our approach

    The EY Operating Model Effectiveness (OME) offering helps our clients to achieve their holistic, strategic objectives. Our advisory and tax professionals operate as one team to assist our clients with developing and implementing operating models driven by business needs and requirements while making sure that tax is an integrated part of the design of the operating model architecture.
     

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    EY - Managing indirect taxes in the supply chain

    Managing indirect taxes in the supply chain

    Effective management of indirect taxes, grants and incentives is essential to support growth and reduce the costs and risks of doing business internationally.