The Orbitax International Research & Compliance Expert provides the International Tax Director of a rapidly evolving Global Customer Experience Provider with fast and up-to-date insights on global tax matters. This saves her time and gets her twice as much out of her advisory budget.
As a rapidly evolving global business, the company has tax obligations in many jurisdictions and those obligations are constantly increasing. To manage these changes, the Director of International Tax primarily relies on the Orbitax Research and Compliance Expert for all of her international tax research needs.
Maximize effort on reacting to upcoming changes and business developments
The international tax team keeps track of the tax implications of many cross-border activities, transactions and inter-company payments. The company is rapidly evolving resulting in reorganizations and expansions to new jurisdictions which increases the volume and complexity of their work.
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The increasing amount of data that you have to pull: the rates, the values, where you’re getting that data from and who you have to report it to, is significant.
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As such, the International Tax Department has to be proactive in staying up-to-date with the changing tax rules. Another factor is the ever-increasing number of reporting and compliance obligations and meeting the deadlines associated with these added obligations.
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A top priority is meeting all filing obligations and making sure no new filing obligations are overlooked.
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Access to current, future and proposed international tax law changes
The international tax department uses Orbitax on a daily basis as their primary research tool.
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The service must be easily accessible at any time.
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She says the instant access to current, future and proposed law changes allows her to model the impact to cash taxes or effective tax rates.
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It’s my go-to for general research, restructurings, withholding tax, VAT on transactions and treaties for inter-company payments. The tool is very powerful in so many ways. It gives the news, gives the up-to-date rules; has clear analysis that can be easily understood and users can chart the differences between all their jurisdictions to help formulate plans. Whether having discussions internally or with our advisors – we have a better understanding of our pain points and how to address them.
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Up-to-date information is key
Using publicly available websites from advisory firms may be free, but she noticed that they do not provide the detail that Orbitax provides.
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For example, where a publicly available website would make mention of an exception, Orbitax also provides what the exception entails.
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Furthermore, she notes that free websites are generally updated monthly, where Orbitax is updated on a daily basis. It goes without saying that access to up-to-date information is key.
Easy to navigate tax book for each jurisdiction
The tax team mentions the Orbitax Country Analysis is easy to navigate.
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The Country Analysis are like a book with every tax matter you can think of for each jurisdiction. Very helpful if I am looking to set up a new business!
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“No extra time spent searching for changes and updates”
The company has loaded their footprint into the Orbitax platform. This does not only save the tax team time by providing relevant results based on where in the world the company has presence. It also provides more relevant answers:
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It is possible to tailor information to stakeholder interest: for example, receive only for existing or anticipated global footprint.
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Using this key functionality also allows the tax team to build a repository for future reference.
Getting twice as much out of my advisory budget
The Orbitax International Tax Research & Compliance Expert also saves the tax director time spent with advisory firms.
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Familiarizing myself with the tax implications of a certain transaction with Orbitax before getting on the phone with an advisor generally cuts down the time needed for example from an hour to thirty minutes.
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