BEPS Action Manager
The foundation for a standardised and sustainable worldwide compliance process
One System. One Story.
The international tax world is in the midst of profound change. The guidelines set forth by the OECD to combat Base Erosion Profit Shifting (BEPS) have led to a new global tax reporting landscape. Reporting requirements, data volume, complex global requirements and heightened scrutiny mean it’s more important than ever to gain control and transparency.
Action 13, specifically country-by-country reporting (CbC) is the first of 15 Action items requiring attention. Action 13 is the foundation from which BEPS compliance begins. Implementing technology to manage data and working with an advisor to reduce risk is an integral part in achieving compliance.
BEPS will only continue to evolve. Is your organisation positioned to effectively meet global reporting requirements?
Journey to Transparency
The new justified trust initiative is the next stage in the ATO’s implementation of the OECD BEPS program.
What are the implications for those corporations already on the journey to transparency? How will it affect the relationship between finance and tax teams? Importantly, what steps can be put in place to prove out a position of justified trust without miring even more valuable resource into additional compliance efforts?
Get answers with our latest paper: Technology Builds Transparency: Achieving Justified Trust.Download paper
Why BEPS Action Manager?
BEPS Action Manager was developed to provide unparalleled value across three areas in response to the OECD’s BEPS framework:
Thomson Reuters ONESOURCE BEPS Action Manager combines research, data management, entity charting, document storage, reporting and analytics in a single solution, enabling worldwide compliance and multidisciplinary collaboration for multinational enterprises in a post-BEPS era.
2016 Global BEPS Readiness Report
This survey sheds light on how multinational enterprises are reacting to and preparing for the BEPS Action Plan. The findings uncovered trends, revealed risks and exposed pain points on a global scale. How are multinational enterprises preparing for BEPS-related compliance?See the full report