CFO Brew’s Post

New public country by country reporting rules will not only affect multinationals operating in the EU but also many privately owned companies which will now have to make significant additional public disclosures about their business. Read more in our briefing. https://lnkd.in/eiBeC6yV

⏲️ 1 week to Corporate Tax filing deadline (30th November 2023)! ⏲️ Explore our corporate tax calculator now to gauge your tax payable! Talk to our tax experts to learn how we can assist you with timely filing process today! https://lnkd.in/gjsdVHtb #InCorpGlobal #corporatetax #taxfilingdeadline

Another successful International Tax Conference last week in NY - 42 years in a row! The #economictrends and #geopoliticaltensions that have characterized the business world in recent years have become the norm, leading #multinationalcompanies to continuously #restructure their #supplychain and re-evaluate their #operatingmodel while simultaneously adapting to #technologytransformation. #MNEs expecting #disruptions in their supply chain are actively seeking for alternative #manufacturing and #sourcing avenues in #emergingmarkets. An increasing #mobileworkforce may be good for attracting talents, but it pressures MNEs to rethink their #organizationalmodel. The #internationaltax landscape is changing at a faster pace with #BEPS implementation and tax authority #datasharing but what does that #transformation mean for the future of many MNE organizations operating in the #advancedmanufacturing and #mobility industry? We discussed these challenges and their #tax and #transferpricing implications in our advanced manufacturing and mobility sector session during the international tax conference together with Randall Hornberger Ajit Krishnan Maikel Evers JD Hamilton. #internationaltaxation #beps #sustainability #taxincentives #pillar2 #EUdevelopments

Singapore is a great place to start and grow your business, thanks to its low corporate tax rates and various schemes and incentives to help you save on taxes. Bestar helps to manage your company tax in Singapore, such as applying for the Regional Headquarters Award, the Business & IPC Partnership Scheme, the Development & Expansion Incentive, and more. These schemes can help you reduce your taxable income, enjoy tax exemptions, and claim tax deductions on eligible expenses. Learn more tips at https://lnkd.in/dhEUg4Fh #InternationalExpansion #GlobalGrowth #TaxDeductions #StartUpGrowth #TaxExemption #BusinessExpansion #BIPS #CorporateTaxDeduction #GivingBack #RHA #CorporateTax #BusinessGrowth #CompanyTax #SingaporeBusiness #ProfitMaximization

It's here! How will the new OECD Pillar One guidance for baseline distribution activities affect your business? Reach out to me, or your RSM contact to learn more.

Check out Tansy Jefferies, Alka Hariawala and Jon Jenni's latest article on the new #OECD #PillarOne guidance for baseline distribution activities, introducing a simplified transfer pricing approach. Learn more about the Simplified and Streamlined Approach (SSA) and how it impacts multinational groups. #TransferPricing #rsmusllp

This article on Irish Pillar 2 implementation should be important to many friends working for companies that have Irish subsidiaries.

Day 1 EY Asia-Pacific Tax Symposium: Siow Hui Goh, Jonathan Belec, CFA, Ying Yeo (Yeo Ying), Jasme Seah and myself facilitated a #BEPS 2.0 international #shipping roundtable to discuss common interpretation and implementation issues and to learn from each other on best tax practices. Key takeaways for #pillar2: 1. Review operating models 2. Identify #GloBE permanent establishment (PE) issues (and cross-reference with airline industry with common GloBE PE issue) 3. Take tax position and maintain a log for regular revisits as and when administrative guidances are published by the OECD/G20 IF on BEPS. 4. Be heard as a common voice, with hope that the GloBE Model Rules get refined for the better. 5. Stay connected.

Interesting article outlining tax benefits to pull operations closer to the US markets. This is one component in the larger theme of re-globalization that companies today are evaluating to refocus on core vs non-core operations and manufacturing to market proximity impacts. Critical decisions will need to be made as the costs of doing business are rising and not all of them can be passed to the consumer. Several client issues we deal with regularly are the growing cost of time to market from point of manufacture, lengthening supply chains, and greater transportation impacts that drive bottom line results.