Three Benefits of a Single Source of Truth With Longview Tax
Summary
Tax teams of multinational enterprises (MNEs) face increasing challenges to manage business and market risks effectively while reporting, as well as the shift of resources within companies. These include controlled foreign company reporting under EU Anti-Tax Avoidance Directives, global intangible low-taxed income in the US, and the Base Erosion and Profit Shifting (BEPS) project by the Organisation for Economic Co-operation and Development (OECD). Using a Single Source of Truth With a Streamlined and Centralized System International tax agreements are slowly moving forward and will affect organizations 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. To avoid continuous disruption from errors frequently driven by accelerated data insights, look for a tax provisioning solution that enables you to automate repetitive tasks.
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