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Introduction to ( Insert Company Name’s) Corporate Tax Department

Insert Company Logo. Introduction to ( Insert Company Name’s) Corporate Tax Department. An Overview of Issues & Activities. Date. Tax Department Goals & Objectives.

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Introduction to ( Insert Company Name’s) Corporate Tax Department

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  1. Insert Company Logo Introduction to ( Insert Company Name’s) Corporate Tax Department An Overview of Issues & Activities Date

  2. Tax Department Goals & Objectives Our Tax team mission statement on is focused on serving as a business partner to the business units and delivering maximum value to the organization while effectively managing tax risks Insert Department Mission Statement / Goals & Objectives Source: Standard Chartered.; Tax Director Roundtable research.

  3. Our tax department is optimized to functional specialties: We outsource the following activities: Tax Advisory Services are provided by the following law firms: The External Auditors provide guidance on the following activities: We believe that it is imperative to maintain the following activities in-house: The following activities are conducted largely by regional controllers offices: Provisioning for Taxes – data is received from overseas jurisdictions Insert Any Other Relevant Information here Tax Department Organizational Overview Tax consists of a variety of complex responsibilities and requires interactions with an array important internal and external partners and vendors Insert Details of Tax Department’s Organizational Structure Source: Tax Director Roundtable research

  4. ETR Benchmarking & Analysis When benchmarking Effective Tax Rate it is important to understand the controllable and uncontrollable drivers of ETR unique to each organization Request a customized ETR Benchmarking & Analysis Report from the Roundtable from your Account Manager Insert Corporate Drivers of ETR Source: Tax Director Roundtable research

  5. Tax Risk Policy In order to minimize surprises, it is critical that the Board and Senior Management are all agreed upon the companies approach to risk • The company’s historical view on tax planning has been: • Risk averse, risk neutral, risk seeking • The company’s posture vis a vis revenue authorities has been: • Risk averse, risk neutral, risk seeking Insert Risk Framework and/or Risk Policy Source: Tax Director Roundtable research

  6. Major “Wins” for Tax Team Over the past 12 months the Tax staff have been working hard and have saved the company an estimated $xx as well as executing against a number of additional goals Insert Tax Department’s Recent Achievements* Source: Tax Director Roundtable research

  7. Tax Services and Technology Overview One of the biggest challenges for the Tax department is gathering data in a tax ready format for the department to analyze; investments in technology have helped us manage this previously manual process Insert details on Service and Technology Providers Source: Tax Director Roundtable research

  8. Corporate Legal Entity Structure Legal entities have a tendency to proliferate and it is important from a cost and controls perspective to keep the legal entity structure at an efficient and manageable level. Insert Legal Entity Structure • # of active legal entities • # of inactive legal entities Source: Tax Director Roundtable research

  9. Insert comments regarding rate sensitivity Insert comments regarding rate forecasting Effective Tax Rate Analysis Certain parts of the business are more tax efficient than other. The greatest reduction in the effective tax rate can come from xxxx Insert ETR Analysis Source: Tax Director Roundtable research

  10. Business Unit Relationships- Communication Strategy Communication and support from the business units is critical to Tax being able to source and implement tax planning strategies and meet compliance requirements • Businesses incented on pre-tax or post-tax basis • Include details on current business unit relationships, projects being worked on etc. • Biggest Opportunities for Business Units: • Insert details of most promising opportunities to work with/ realign/ restructure business units Insert Details Regarding Relationships with Business Units • Tax department outreach includes: • Insert Details on Training, Meetings, Memos, Intranet Updates, etc. • Customer satisfaction survey results: • Insert details (may want to include additional details in appendix Source: Tax Director Roundtable research

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