Global Tax Planning Automate the complex forecasting and tax planning tasks for your international operations

Global Tax Planning

Learn how to make complex international calculations simple and more accurate

ONESOURCE Global Tax Planning provides innovative software solutions to help manage International Tax related deliverables including accurate foreign calculations for 10Q filings, development of planning and repatriation scenarios, entity charting, and access to tax research and rates around the world. Use ONESOURCE Global Tax Planning to forecast foreign income inclusions to minimize return to provision true-ups, and to greatly reduce the potential for misstatements.

Global expansion drives the importance of global tax forecasting and planning

ONESOURCE Global Tax Planning, powered by Orbitax, easily calculates all the cash-tax and deferred-tax calculations required on foreign earnings for the quarterly tax provision. This automated tax planning software solution that can eliminate the errors and re-work often encountered when using homegrown Microsoft® Office Excel templates for calculations.

Living on the ONESOURCE platform, this software solution is capable of leveraging prior-year international compliance data and current financial data through automated feeds from ONESOURCE Income Tax and ONESOURCE Tax Provision. This integration within the ONESOURCE suite establishes repeatable processes that lead to stronger controls while minimizing manual processes that can introduce costly errors.

ONESOURCE Global Tax Planning Modules

ONESOURCE Global Tax Planning is made up of several components that have great value and benefit individually or together:

Worldwide Tax Calculator

Performs U.S.-centric international tax calculations including Subpart F, Section 956, Foreign Dividends, U.S. FTC and non-APB 23 DTL. Calculates the impact of “what-ifs” including changes to the entity chart, cross border payments between jurisdictions, and multi-year repatriation ideas.

Data Warehousing Module

Save all tax relevant data (including entity data and tax attributes) inside a SQL database for various time periods. Sophisticated filters can then be used to retrieve saved data by time period, legal entity, tax attributes and cross-border transactions. Create various reports to compare saved data across various time periods. Database can be grown organically by adding additional data fields at any time.

Worldwide Tax Optimizer

Makes use of the updated Tax Provision calculations for planning. Once the Tax Provision’s international calculations are complete, ONESOURCE Global Tax Planning automatically makes these tax attributes available for international tax planning. Users can then engage with the built in planning tools and database of tax rules and tax rates for 120 countries to run “what-if” scenarios, changing tax attributes for restructuring plans, for new transactions and for repatriation planning and immediately see the impacts of these scenarios on both foreign and US tax attributes. By building-off of existing processes to prepare the planning data, ONESOURCE Global Tax Planning makes planning accessible to a much broader range of Multinationals.