Tax management is a complex and risky undertaking at the best of times, but these days businesses also have to contend with economic uncertainty and ever-growing regulatory oversight.
Making sure that you have the right people in place—and are employing the efficient processes and up-to-date technologies—to effectively manage you tax obligations is not easy, especially if tax management is not core business for your company.
But which systems and procedures should you employ to deal effectively and efficiently with your company’s tax commitments? Where do you begin? Most would say tax reduction. But, while tax reduction is a hot-button issue these days, boards are increasingly aware that it is an area with its own unique demands and risks. What’s more, tax reduction means different things to different people—depending upon their responsibilities within a company; but one thing is certain—done correctly it can relieve the (sometimes) onerous financial burdens that can stymie a company’s development.
However, if you do business in Europe, you also have to adjust to the changes arising from changes in EU law. And these days it seems that a lot of people other than management—shareholders, business analysts, audit committees and other stakeholders—have some sort of stake in EU law-related risks and opportunities, e.g., “Did the company file claims based upon EU law?” “Did it meet all the statutory limitations for filing these?” “Should the company file its tax returns based upon EU law arguments?” Fortunately, at PricewaterhouseCoopers we can help you answer these (and a wide range of other tax-related) questions.
At PricewaterhouseCoopers’ (PwC) our tax planning professionals work with economists, auditors, actuaries, change management professionals and other specialists to provide tax solutions to companies like yours. But, wherever you do business we can help you enhance your cash flows; increase your gross tax margins, boost net profits, manage debt, and reduce your tax rates. Whether you are looking for better tax management across a number of territories or with multiple entities in one territory, we have skilled tax teams who can coordinate your multi-country compliance requirements, help you with your year-end tax
accounting and reporting obligations, and assist in corporate tax return preparation. We can also provide tax payment advice, tax compliance time limit monitoring, and tax compliance outsourcing services. And if the focus of your business is international we can help you structure your business in a tax-efficient manner, construct effective cross-border strategies, and manage your global structural tax rate. Working with your people, we can identify tax-efficient holding company locations, provide cross-border financing and treasury solutions, and offer advice on income tax treaties, profit repatriation, and loss utilisation. Let us show you how.