Empowering Enterprise Tax Teams in Changing Global Times

Constantly shifting tax policy changes have lately been adding considerable challenge for corporate tax teams. With the recent COVID-19 crisis, large and multinational enterprises face an ongoing struggle to stem the impacts of the economic fallout while staying ahead of potential regulatory changes in taxation. At the same time, tax enforcement is not letting up as authorities look to corporate taxpayers to offset increased government debt from the pandemic. The crisis has exacerbated the need for tax teams to quickly become more proactive and agile in their approach, while balancing ever more complicated reporting constraints to strategically address tax law changes. In this whitepaper, you will learn of some of the most pressing considerations facing tax teams at multinational enterprises today, including:

• The significant state and federal impacts of recent tax reform in the United States;

• The impacts of COVID-19 on reporting under International Financial Reporting Standards (IFRS) and intra-company pricing in relation to the Base Erosion and Profit Shifting (BEPS) initiative;

• Addressing COVID-19's long term implications on workforces, cash flows, and supply chains; and

• How to create a strong foundation within the tax department to more easily adapt to future market volatility.