The interplay between financial reporting and tax reporting has resulted in financial reporting developments with significant implications for insurance tax departments including changes made by the Statutory Accounting Principles Working Group, the Financial Accounting Standards Board, The Securities and Exchange Commission, and the American Institute of Certified Public Accountants. These developments require tax practitioners to work closely with financial reporting staff to insure that amounts are properly reported.
For our non-audit clients, PricewaterhouseCoopers' tax provision services offering is designed to assist taxpayers with either the preparation of their tax accruals, or other related projects, such as an analysis of tax positions at quarter/year-end, and/or deferred tax reviews. While our tax professionals have been performing these services for years, leveraging our knowledge base with TaxStream, a third-party tax accrual preparation software tool, allows us to provide tax accrual preparation assistance to taxpayers with increased accuracy and efficiency.
Multinational businesses are increasingly affected by tax, legislative and regulatory developments throughout the world. Understanding the impact of these developments on business operations and transactions between countries is vital for a company's survival.
If this is your situation
- You are planning to expand into new jurisdictions
- You need cash flow in your overseas operations
- You want to manage your treasury function globally
- You want to ensure your tax function is aligned with your business plan
- You are defending a tax authority challenge e.g. on thin capitalisation
How we can help
The network of PwC international tax structuring professionals is experienced in addressing these developments as well as all aspects of international taxation. Our teams are able to help you structure your business in a tax-efficient manner, both locally and globally.
We can help you construct effective cross-border strategies and manage your global structural tax rate. We will also keep you abreast of new developments in the international arena that affect your business. We can advise on:
- Tax efficient holding company locations
- Cross-border financing and treasury solutions
- Controlled foreign companies tax planning
- Income tax treaties, profit repatriation, loss utilisation
- Inbound and outbound structuring
- Managing intellectual property and intangible assets
- Tax efficient supply chain and shared services
- Regional tax issues e.g. EU tax harmonisation
