BEPS Action ManagerThe foundation for a standardized and sustainable worldwide compliance process

One System. One Story.
Global Compliance.

The international tax world is in the midst of profound change. The guidelines set forth by the OECD to combat Base Erosion Profit Shifting (BEPS) have led to a new global tax reporting landscape. Reporting requirements, data volume, complex global requirements and heightened scrutiny mean it’s more important than ever to gain control and transparency.

Action 13, specifically country-by-country reporting (CbC) is the first of 15 Action items requiring attention. Action 13 is the foundation from which BEPS compliance begins. Implementing technology to manage data and working with an advisor to reduce risk is an integral part in achieving compliance.

BEPS will only continue to evolve. Is your organization positioned to effectively meet global reporting requirements?

Survey Report

2017 Global BEPS Survey Report

Our 2017 Global BEPS Survey Report on the results provides a closer look at the fundamental changes BEPS has brought to tax reporting for organizations worldwide. It also reveals how the world’s multinational enterprises are managing the challenges of BEPS with the help of new strategies, operational changes and technologies.

See the full report

Why BEPS Action Manager?

BEPS Action Manager was developed to provide unparalleled value across three areas in response to the OECD’s BEPS framework:

PREPARATION: Integrated with up-to-date global BEPS research and content including local legislative rules, timings, and data requirements for CbC, Master File, and Local File specifically based on individual profiles. Users can take action in real time by having all BEPS research and related information in one solution.

EXECUTION: Transparent entity and financial data mapping means data points are traceable back to the source documents. Our software responds to data inputs by automatically allocating tax structures and jurisdictional rules while providing quality control and override mechanisms to ensure CbC report development is precise. Users are free to focus on data integrity and tax strategy letting the software respond to current jurisdictional rules.

RISK MANAGEMENT: Insight into data ensures your transfer pricing story corresponds throughout CbC, Master File, and Local file reports. Our analytical framework predicts risk areas, supports value creation, and validates all three tiers of reporting. Tax becomes a center of excellence that makes a positive impact on the entire organization.

Thomson Reuters ONESOURCE BEPS Action Manager combines research, data management, entity charting, document storage, reporting and analytics in a single solution, enabling worldwide compliance and multidisciplinary collaboration for multinational enterprises in a post-BEPS era.

BEPS Action Manager PDF - 194KB

Case Study

Franklin Electric

Complying with global BEPS regulations demanded more and more time from Franklin Electric’s five-person team. Learn how they made a strategic decision to centralize their transfer pricing data and automate how it was used in an effort to meet ever-evolving international tax legislation.

Franklin Electric Case Study PDF - 358KB

Whitepaper

Top 5 BEPS challenges

What impact will BEPS Action 13 have on your reporting process? Learn more about the top 5 country-by-country reporting challenges for multinational enterprises and how technology can solve them.

Learn more

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