Stay Agile in a Shifting Manufacturing Market With Longview Tax
Summary
Tax teams of multinational enterprises (MNEs) in the manufacturing industry face increasing challenges to manage business and market risks effectively. In addition, the implementation of the outcomes of the Base Erosion and Profit Shifting (BEPS) project by the Organisation for Economic Co-operation and Development (OECD) is significantly affecting the supply chains of businesses around the world. Use a Single Source of Truth With a Streamlined and Centralized System International tax agreements are slowly moving forward and will affect manufacturers with a multinational footprint. With the current and proposed changes, having software that can optimize your tax processes through a streamlined and centralized system is essential for generating reporting and insights that you can trust. As companies start to plan, there will be a rearranging of supply chains, with more distribution and market activity changes and profits shifted to lower-taxed or tax-incentivizing jurisdictions.
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