Tax Services - Ernst & Young - Global

An archive is now available of the June 10th Ernst & Young Thought Center Webcast during which the key findings of the Ernst & Young study Worldwide fiscal stimulus - tax policy plays a major role were discussed. Join the Ernst & Young presenters who discussed the opportunities on offer to companies, as well as potential future issues to be aware of.

Liquidity and cash flow have become more critical than ever in a company’s ability to drive its strategic agenda, yet a recent EY survey found that many companies have not fully considered the impact that cash tax management strategies can have on their financial position. Wherever a company sits on the financial spectrum — from “cash burn” to “cash earn,” tax provides a variety of strategies to preserve, acquire, or maximize cash to support business goals. Read more in this latest report (pdf, 248kb) from Ernst & Young.

An archive is now available of the May 14th Ernst & Young Thought Center Webcast during which the much-anticipated Exposure Draft of a standard to replace IAS 12 was discussed. Attendance by over 5,000 people in 47 countries demonstrated just how important this issue is for companies around the world. Access the webcast archive now.

The tax proposals in President Obama's FY2010 budget contain implications that extend well beyond the corporate tax department. This article by Ernst & Young, "The Obama administration tax proposals: what they could mean to your business," (pdf, 318K) examines the Obama administration tax plan and highlights questions that executives should be asking now, before the legislative proposals become law.

Governments around the world are fighting the first global recession we've experienced since World War II, and tax measures are playing a major part - 56%, according to recent OECD figures - in the range of stimulus packages being rolled out globally. Tax policy has gone global in a major way, and in this study from Ernst & Young, tax measures in 24 major jurisdictions are analysed, and a key set of common themes are apparent, resulting in both challenges and opportunities for the tax function. Read more in Worldwide fiscal stimulus - tax policy plays a major role.

The Transfer pricing global reference guide is a tool designed to enable international tax executives to quickly identify the transfer pricing rules, practices, and approaches that have been adopted by over 45 countries. These various approaches must be understood in order to complete both compliance and planning activities.

The IASB has published the IAS 12 exposure draft. Tax departments will need to quickly understand the differences between it and the current IAS 12, and understand the potential impact it will have across the spectrum of the tax life cycle - tax planning, provision, compliance, and controversy. In addition, tax departments need to assess the potential impact on their people, process and technology/data gathering systems. Read more in Ernst & Young's analysis of the exposure draft (pdf, 116kb).

President Barack Obama signed the American Recovery and Reinvestment Act of 2009 (pdf, 534kb) (the Act) on February 17, 2009. The Act has significant tax implications for certain businesses and individuals. A new report from Ernst & Young provides a comprehensive analysis of the Act, highlighting key tax provisions and their implications across businesses and industries.