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  • Tax accounting and financial reporting services: PwC
    patent box regimes and other technology incentives Financial restatements coupled with increased regulatory scrutiny of tax accounts and related tax disclosures have elevated the focus on tax accounting and exposed significant problems in many companies Keeping track of tax law changes around the world has become a growing challenge for multinationals many of whom are rapidly expanding their geographic footprint at a time when jurisdictional tax laws are undergoing nearly constant change Naturally changes in tax law have an impact on tax planning as well as tax return preparation and ultimately tax cash flows Those consequences however are often preceded by the impact of such changes on company financial reporting Meanwhile the emergence of international shared services and GAAP convergence is putting additional strain on an already resource constrained tax function We can help bring greater confidence in your tax reporting meaning fewer quarter end and year end surprises We can work with you to Reduce risk and achieve better control over your tax accounting function through improved and more efficient processes Our team of dedicated technical specialists around the globe provide guidance and best practices on a range of tax accounting issues including Tax provision outsourcing and support Accounting for uncertain tax positions including FIN 48 assessments GAAP conversion modelling to determine the tax and accounting impact of moving to a different GAAP Other specialised tax accounting services including deferred tax analyses and tax basis balance sheet assistance Tax accounting technical assistance and support including customised training Of further interest Unlocking the power of data and analytics Redesign redefine and redeploy tax to be a strategic business asset Tax research insights Global Tax Accounting Services Newsletter Around the world When to account for tax law changes Patent box and technology incentives Tax and financial reporting considerations Tax accounting insights

    Original URL path: http://www.pwc.com/gx/en/services/tax/tax-accounting-services.html (2016-02-10)
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  • Tax Reporting & Compliance: PwC
    tax and finance functions The centralisation of finance and accounting functions presents additional challenges when dealing with complex local rules disparate technologies and manual processes during the compliance cycle This results in a greater risk of compliance failures and minimal time for strategic forecasting or planning Many companies are rethinking their approach to domestic and global compliance and reporting by taking a closer look at their technology processes resources and service providers Leading tax functions are using co sourcing outsourcing as a critical component of tax function strategy and as a means to better align tax function investments and use of talent with organisational goals We are using our experience of providing cross border tax compliance services to deliver both domestic and global multi tax compliance services for our clients We can work with you to Coordinate all the tax compliance activities e g direct and indirect taxes tax accounting preparation of statutory financial statements and country by country reporting for your subsidiaries with diverse accounting practices legislative environments and business customs seamlessly and cost effectively We take an integrated global approach to the variety of local compliance services Local country specialist teams form the backbone of our service offering providing experienced resources to help with the compliance needs today support in future audits and practical knowledge of current and emerging regulatory requirements Integrated Global Compliance Services IGCS is our web based portal designed to collaborate with you around the world including effective exchange of data sources transparent review of deliverables and real time access to status workflow deliverables and critical information Our client relationship managers deliver centralized coordination and communication Our experience and scalability allows us to customize and adapt our delivery model to align with your broader business goals Global tax About global tax Global Tax code of

    Original URL path: http://www.pwc.com/gx/en/services/tax/tax-reporting-strategy/reporting-compliance.html (2016-02-10)
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  • Tax controversy and dispute resolution: PwC
    revenue authorities worldwide Fiscal demands on developed and emerging countries have placed considerable pressure on governments to raise revenue and prevent the erosion of their tax bases Governments worldwide are cooperating as never before to share taxpayer and industry information assist other countries with document and information requests and participate in separate multi country audits including simultaneous examinations Some countries are even considering the concept of joint audits where a single audit team comprised of government tax inspectors and auditors from two or more countries examines a specific taxpayer At the same time MNCs are experiencing increasingly complex regulations heavy penalties and transparency and disclosure issues These global forces have created an unprecedented surge in audits and disputes Virtually no area of tax enforcement has escaped this phenomenon which includes direct taxes domestic and international and indirect taxes e g VAT and GST as well as specialist areas such as customs tax fraud and white collar tax issues This new situation places a premium on audit and dispute prevention techniques because MNCs are under constant competitive pressure to structure their worldwide business operations effectively and efficiently MNCs need to develop coordinated approaches to audits and disputes around the globe adopt preventative measures such as pre filing rulings and enhanced relationships with certain revenue authorities and leverage both traditional and new alternative dispute resolution techniques in order to achieve the best possible results PwC s Tax Controversy and Dispute Resolution network assists taxpayers in this emerging area We can work with you to prevent efficiently manage and favourably resolve tax audits and disputes throughout the world PwC has tax specialists to assist clients in virtually every area of dispute We combine deep technical understanding local knowledge strong relationships with government officials tax litigation experience and a global perspective to provide you

    Original URL path: http://www.pwc.com/gx/en/services/tax/tax-controversy-dispute-resolution.html (2016-02-10)
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  • Tax controversy and dispute resolution: Why PwC?
    Resolution network includes accountants economists and industry sector specialists all of whom possess in depth knowledge and experience of individual sectors Our aim is to help you prevent efficiently manage and favourably resolve tax audits and disputes Local knowledge and strong relationships with government officials The successful management and resolution of audits and controversies relies heavily on having strong relationships with revenue authorities and a thorough understanding of local processes and procedures Our network includes individuals who are members of local specialist groups as well as former high ranking government tax officials who have substantial experience working on audits and disputes both from a client and revenue authority perspective Global reach and perspective Our Tax Controversy and Dispute Resolution professionals are located in territories which are regarded as aggressive tax enforcement jurisdictions or are considered to be of key strategic importance from a tax perspective This means we can provide you with the appropriate support to help you resolve your tax audit or dispute wherever you need it We can offer this support on a unilateral bilateral or multilateral basis depending on your needs Deep technical subject matter expertise Revenue authorities are now engaged in enforcement activities across the entire tax spectrum including direct and indirect tax as well as other related areas As a result organisations should ensure that they have the support of technical specialists in the tax area in which the audit or dispute is focused Our areas of specialisation which are of most benefit to clients in audit or dispute situations are International taxation Transfer pricing Indirect taxes including customs duties and environmental and energy taxes Mergers and acquisitions Legal services Global tax About global tax Global Tax code of conduct Indirect taxes eBiz 2015 Global VAT online Research insights International tax services EU direct tax

    Original URL path: http://www.pwc.com/gx/en/services/tax/tax-controversy-dispute-resolution/why-pwc.html (2016-02-10)
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  • Tax: Tax Policy Overview: PwC
    has grown more complex due to the increasing importance of cross border trade technological advances the growth of multinational organisations and the rise of intergovernmental agreement and collaboration For example VAT for EU Member States is largely a tax established by the EU institutions with policy directed by the European Commission with limited flexibility while customs tariffs for many countries are ostensibly determined by their membership of the World Trade Organisation Supranational organisations like the Organisation for Economic Cooperation and Development OECD and United Nations UN also establish standards which are tacitly accepted and in some cases specifically adopted as the basis for inter governmental bilateral treatment of transactions The World Bank Group and International Monetary Fund IMF play a crucial role in building tax capacity in developing countries often rich in human and natural resources but with a lack of systems and governance Tax authorities implement governments policies and are increasingly sharing compliance practices in regional forums and through initiatives of the G20 and other collaborative groups Wider stakeholder groups Increasingly policy makers are having discussions with wider stakeholder groups about the impacts of existing and new policies Non governmental organisations NGOs carry out more tax research particularly around the fairness agenda Intermediary and professional membership organisations provide greater governance of their members as well as reflecting their views Businesses help raise awareness through trade bodies employer groups and other organisations of the interaction of resource availability and value chain considerations The media and public generally raise reputational issues for governments individuals and businesses Factors affecting tax policy Efficiency competitiveness fairness and the need for revenue are all factors taken into account when formulating tax policy However the tax sovereignty of each territory remains at the heart of tax policy notwithstanding the compromises mentioned above in some areas The ability to govern requires public spending which is funded by tax revenues According to the OECD ¹ for tax as for other areas general government consists of four sub sectors federal central or national government state provincial cantonal or regional governments when they exist within a country local governments including municipalities school boards and so on and any supranational authorities exercising taxation and public expenditure functions within the national territory Countries differ in prevailing fiscal arrangements between the central and sub central levels of government 1 OECD Tax Policy Studies No 1 Taxing Powers of state and local government 1999 Find out more about Tax Policy and Administration What is tax policy Business and tax policy Intermediaries and professional membership organisations What is tax policy The future of tax The increasing role of NGOs in tax policy The media and public voice on tax PwC s tax policy experience Base Erosion and Profit Shifting BEPS Action Plan International Taxes EU Direct Tax Group Government consultancy and capacity building Tax Transparency Total Tax Contribution and Effective Tax Rates Governments and supranational organisations that shape tax policy The European Commission The Group of 20 G20 International Monetary Fund IMF The Organisation for

    Original URL path: http://www.pwc.com/gx/en/services/tax/tax-policy-administration/what-is-tax-policy.html (2016-02-10)
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  • Tax: PwC tax policy experience: PwC
    business a government agency or revenue authority or an NGO or supranational body such as the OECD European Commission or UN PwC s Global Tax Policy and Administration professionals can provide advanced analytical politically neutral insight and analysis on crucial policy trends and issues around the world Working closely with PwC s other global networks including our Tax Controversy and Dispute Resolution team we help our clients understand and comply with their fiscal and regulatory tax obligations face challenges and reach optimal solutions and maximise value over time on the basis of full disclosure We also use our knowledge and experience to help policy makers in both developed and emerging countries improve the efficiency and effectiveness of their tax systems Latest key updates November 2015 Paying Taxes 2016 is now available It is a unique study which investigates and compares tax regimes across 189 economies worldwide ranking them according to the relative ease of paying taxes October 2015 Webcast on How will the BEPS reports impact multinationals October 2015 Our Tax Policy Bulletin issued on the OECD s publication of the final report under the base erosion and profit shifting BEPS Action Plan September 2015 PwC s first global tax policy conference was held over two days at Oriel College Oxford The event attracted an impressive list of attendees and an extremely strong roster of speakers Joe Andrus formerly OECD Bob Stack US Treasury Jos Beerepoot ABN AMRO Philip Baker QC Professor Michael Devereux Oxford Centre for Business Taxation Tim McDonald USCIB Proctor Gamble Logan Wort African Tax Administration Forum Attiya Waris University of Nairobi Chris Wales PwC Edwin Visser PwC Tom Neale European Commission Femke Groothuis The Ex tax Project June 2015 PwC concludes the written responses to BEPS discussion drafts addressing recent as well as other proposals from the OECD November 2015 Paying Taxes 2016 is now available It is a unique study which investigates and compares tax regimes across 189 economies worldwide ranking them according to the relative ease of paying taxes October 2015 Webcast on How will the BEPS reports impact multinationals October 2015 Our Tax Policy Bulletin issued on the OECD s publication of the final report under the base erosion and profit shifting BEPS Action Plan September 2015 PwC s first global tax policy conference was held over two days at Oriel College Oxford The event attracted an impressive list of attendees and an extremely strong roster of speakers Joe Andrus formerly OECD Bob Stack US Treasury Jos Beerepoot ABN AMRO Philip Baker QC Professor Michael Devereux Oxford Centre for Business Taxation Tim McDonald USCIB Proctor Gamble Logan Wort African Tax Administration Forum Attiya Waris University of Nairobi Chris Wales PwC Edwin Visser PwC Tom Neale European Commission Femke Groothuis The Ex tax Project June 2015 PwC concludes the written responses to BEPS discussion drafts addressing recent as well as other proposals from the OECD Find out more about our expertise Base Erosion and Profit Shifting BEPS Action Plan Tax administration consulting EU Direct

    Original URL path: http://www.pwc.com/gx/en/services/tax/tax-policy-administration/tax-policy-experience.html (2016-02-10)
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  • Tax: Governments supranational organisations tax policy: PwC
    East Netherlands Russia Singapore South Africa South Korea Spain Sweden Switzerland United Kingdom United States Complete list of PwC territory sites Governments and supranational organisations that shape tax policy Download Paying Taxes 2016 Paying Taxes 2016 is a unique study from PwC and the World Bank Group The study investigates and compares tax regimes across 189 economies worldwide using a case study company and ranks them according to the ease of paying taxes The global tax policy landscape is shifting dramatically and new challenges abound along with significant uncertainty Just as the pace of competition and globalisation continues at breakneck speed governments around the world constrained by the need to reduce deficits and maintain the confidence of financial markets are under pressure as never before to protect and grow tax revenues The result is a fast changing compliance landscape where governments and tax authorities everywhere are becoming more sophisticated and collaborative in their scrutiny even as companies are under pressure to increase shareholder value by minimising their global tax burden A number of bodies are crucial in the formation of tax policy both within individual jurisdictions and in creating tools recommendations and standards that cut across national borders Find out more about governments and supranational organisations that shape tax policy European Commission G20 International Monetary Fund OECD Tax Administrations United Nations World Bank Group Global tax About global tax Global Tax code of conduct Indirect taxes eBiz 2015 Global VAT online Research insights International tax services EU direct tax group Latin American Tax Group International Tax Desks Global R D incentives Research insights Mergers acquisitions Tax reporting strategy Tax strategy operations Tax technology Tax accounting services Tax reporting compliance Tax controversy and dispute resolution How we can help you Life cycle Why PwC Research insights Tax policy administration What is

    Original URL path: http://www.pwc.com/gx/en/services/tax/tax-policy-administration/government-supranational-organisations.html (2016-02-10)
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  • Global Tax: Transfer Pricing Services: Compliance, Controversy and Strategy: PwC
    new regulations audits enforcement actions and sharply higher penalties continues to grow louder In an era of fiscal shortfalls tax authorities see transfer pricing as a soft target and more and more countries are implementing new transfer pricing documentation requirements At the same time transfer pricing strategies are increasingly the subject of unwanted controversy with the phrase transfer pricing frequently used in the same sentence as tax shelters or tax evasion on the business pages of newspapers The stakes are high Although many of the drivers of this intensified scrutiny are based on factors beyond the control of most companies the risks to your organisation are nonetheless very real They include very large local tax reassessments with significant penalties and interest on overdue tax double taxation where income has already been taxed elsewhere and relief under tax treaties is not available secondary tax consequences such as carry forward of unfavourable revenue determinations creating additional future liabilities uncertainty as to your worldwide tax burden leading to the risk of earnings restatements and investor lawsuits expensive and time consuming conflicts with regulatory authorities and damage to reputation and corporate brand if seen as a bad corporate citizen The impact of this dramatically increased focus on transfer pricing has created a highly uncertain operating environment for businesses many of whom are already struggling with intensified global competition escalating operating costs and the threat of recession Innovative tax efficient solutions rapid response and a global presence PwC s Global Transfer Pricing network is here to help With over 3 100 transfer pricing professionals many hailing from academia industry and prominent positions within governments deployed across 93 countries we are well positioned to advise you on developing compliant tax efficient structures that help advance your business goals Contact us to learn more about how we

    Original URL path: http://www.pwc.com/gx/en/services/tax/transfer-pricing/overview.html (2016-02-10)
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