With an unprecedented amount of global indirect tax reform, a broader global tax base, and tax rates increasing worldwide, more US-based global companies are scrutinizing their indirect tax responsibilities – including value added taxes (VAT), sales and use taxes, goods and services taxes (GST), federal excise taxes, telecommunications taxes and other transaction taxes.
As the average global indirect tax rate approaches 20%, indirect taxes represent a significant amount of working capital for US-based multinational companies. Today’s business leaders cannot afford to make errors that result from lack of knowledge and oversight and that may lead to substantial permanent costs.
Identifying and exploring indirect tax opportunities and issues as they relate to:
Managing sales and use tax expenditures can be some of the most frustrating and yet rewarding responsibilities undertaken by the accounting departments of companies.