Thomson Reuters has released two tax research products to help multinational companies deal with the proposed changes in global tax regulation envisioned in the Organization of Economic Cooperation and Development’s Base Erosion and Profit Shifting Action Plan.
The OECD unveiled a blueprint last week for combating corporate tax avoidance as part of the BEPS Action Plan (see
Checkpoint BEPS Global Currents also includes primary source documents such as the BEPS action items and related documents, domestic legislation, cross-border agreements, official announcements, speeches and more.
The product also eliminates the manual manipulation of data and reduces the risk of error by allowing the collection of information from multiple data sources while enabling users to address discrepancies by easily identifying outliers. ONESOURCE BEPS Action Manager performs the country-by-country reporting with up-to-date templates by jurisdiction and enables MNCs to respond proactively to new regulation by providing research data on the legislative landscape.
“Global regulatory requirements stemming from the BEPS plan will be extraordinarily challenging for companies,” said Brian Peccarelli, president of the Tax & Accounting business of Thomson Reuters, in a statement. “Thomson Reuters BEPS solutions equip corporate tax professionals with the knowledge and technology to confidently comply with new rules and deadlines.”