Tax Function Effectiveness

Content and Topics

• About The Authors
• Acknowledgments

Chapter 1 EXECUTIVE SUMMARY

• § 1.01 Introduction
• § 1.02 A Vision For Tomorrow's Tax Function
• § 1.03 A Tax Management Framework
• § 1.04 Enablers And Deliverables
• § 1.05 Purpose Of The Guide
• § 1.06 Using The Guide
• § 1.07 Summary

Chapter 2 CHANGING BUSINESS ENVIRONMENT

• § 2.01 Introduction
• § 2.02 A New Era?
• § 2.03 Compounding The Challenge
• § 2.04 Summary

Chapter 3 REGULATORY CONSIDERATIONS

• § 3.01 Introduction
• § 3.02 The Sec And Section 404 Sarbanes-Oxley
• § 3.03 Accounting Standard Setters
• § 3.04 Summary

Chapter 4 INVESTOR EXPECTATIONS

• § 4.01 Introduction
• § 4.02 Investor Reports On Tax
• § 4.03 Focus On The Board's Approach To Tax
• § 4.04 Investor Analysis Of Tax
• § 4.05 So What Are Investors Looking For?
• § 4.06 Summary

Chapter 5 REVENUE AUTHORITIES

• § 5.01 Introduction
• § 5.02 Competition For Tax Revenues
• § 5.03 Collaboration Among Tax Authorities
• § 5.04 Anti-Avoidance Activity
• § 5.05 Collaborative Risk Assessment
• § 5.06 Emerging Markets
• § 5.07 Looking To The Future
• § 5.08 Summary

Chapter 6 CORPORATE RESPONSIBILITY

• § 6.01 Introduction
• § 6.02 Link With Wider Corporate Responsibilities
• § 6.03 Tax Planning—Acceptable Or Not?
• § 6.04 The Economic Context
• § 6.05 What Taxes?
• § 6.06 Summary

Chapter 7 OTHER STAKEHOLDERS IN TAX

• § 7.01 Introduction
• § 7.02 The Board
• § 7.03 The CEO And CFO
• § 7.04 Head Of Tax And Their Team
• § 7.05 Business Units
• § 7.06 Functional Departments
• § 7.07 Employees
• § 7.08 Advisors
• § 7.09 Auditors
• § 7.10 Customers/Suppliers
• § 7.11 Summary

Chapter 8 WHAT TAXES?

• § 8.01 Introduction
• § 8.02 What Is A Tax?
• § 8.03 Which Taxes Should The Tax Function Be Responsible For?
• § 8.04 Summary

Chapter 9 TAX FUNCTION ENABLERS

• § 9.01 Introduction
• § 9.02 Tax Strategic Plan
• § 9.03 Enablers—Overview
• § 9.04 Structure Of The Tax Function
• § 9.05 People
• § 9.06 Leadership
• § 9.07 Controls And Risk Management
• § 9.08 Process
• § 9.09 Data
• § 9.10 Technology
• § 9.11 Communication
• § 9.12 Summary

Chapter 10 TAX FUNCTION DELIVERABLES

• § 10.01 Introduction
• § 10.02 What Are The Deliverables?
• § 10.03 Tax Planning
• § 10.04 Tax Accounting And Reporting
• § 10.05 Tax Compliance
• § 10.06 Audit Defence
• § 10.07 Other Tax Function Deliverables
• § 10.08 Who Delivers The Deliverables?
• § 10.09 Summary

Chapter 11 TAX RISK

• § 11.01 Introduction
• § 11.02 What Is Tax Risk?
• § 11.03 Objectives Of Tax Risk Management
• § 11.04 Types Of Tax Risk
• § 11.05 Specific Risk Areas
• § 11.06 Drivers Of Tax Risk
• § 11.07 Summary

Chapter 12 CALCULATING THE TAXES

• § 12.01 Introduction
• § 12.02 Objectives Of This Exercise
• § 12.03 Some Issues To Be Addressed
• § 12.04 Overall Approach
• § 12.05 The Starting Point
• § 12.06 What Are The Measurement Standards?
• § 12.07 What Taxes Should Be Included?
• § 12.08 What Are The Data Sources?
• § 12.09 Checking The Collection Exercise
• § 12.10 What Is The Collection Period?
• § 12.11 Summary

Chapter 13 DOCUMENTING THE STRATEGIC PLAN

• § 13.01 Introduction
• § 13.02 The External Environment
• § 13.03 Aligning With The Business
• § 13.04 Taxes Paid, Charged And Collected
• § 13.05 Research
• § 13.06 Overview
• § 13.07 Areas Of Focus
• § 13.08 Scenario Planning
• § 13.09 Smart Objectives
• § 13.10 Other Possible Items For Inclusion
• § 13.11 The Strategic Plan
• § 13.12 Implementation
• § 13.13 Approval
• § 13.14 Communication
• § 13.15 Review
• § 13.16 Summary

Chapter 14 STRUCTURING THE TAX FUNCTION

• § 14.01 Introduction
• § 14.02 Role Of The Tax Function
• § 14.03 Key Questions
• § 14.04 Head Office V Business Unit Model
• § 14.05 The Organisational Options
• § 14.06 Reporting Lines
• § 14.07 Flexibility
• § 14.08 Summary

Chapter 15 PEOPLE DEVELOPMENT

• § 15.01 Introduction
• § 15.02 Skills Required
• § 15.03 People Issues
• § 15.04 People Strategy
• § 15.05 Summary

Chapter 16 LEADERSHIP—THE ROLE OF THE HEAD OF TAX

• § 16.01 Introduction
• § 16.02 Where Is Leadership Required?
• § 16.03 Skills Required
• § 16.04 The Role
• § 16.05 Summary

Chapter 17 CONTROLS AND RISK MANAGEMENT

• § 17.01 Introduction
• § 17.02 Designing Effective Controls
• § 17.03 Establishing A Tax Risk Framework
• § 17.04 Implementing The Framework
• § 17.05 The Tax Risk Management Process
• § 17.06 Summary

Chapter 18 PROCESS IMPROVEMENT

• § 18.01 Introduction
• § 18.02 What Are The Key Tax Processes?
• § 18.03 Challenges To Be Addressed
• § 18.04 End Goals For Process Improvement
• § 18.05 Making It Happen
• § 18.06 Summary

Chapter 19 DATA MANAGEMENT

• § 19.01 Introduction
• § 19.02 The Data Lifecycle
• § 19.03 Enterprise Data Management
• § 19.04 The People And Process Side Of Data
• § 19.05 Summary

Chapter 20 USING TECHNOLOGY

• § 20.01 Introduction
• § 20.02 What Do We Mean By Technology?
• § 20.03 The Component Parts
• § 20.04 Leveraging Existing Finance Function It Systems
• § 20.05 Tax It Personnel
• § 20.06 Benefits Of Technology
• § 20.07 Tax Technology As A Journey
• § 20.08 Summary

Chapter 21 COMMUNICATION

• § 21.01 Introduction
• § 21.02 Principles Of Communication
• § 21.03 Internal Stakeholders
• § 21.04 Service Level Agreements
• § 21.05 External Stakeholders
• § 21.06 The Communication Plan
• § 21.07 Summary

Chapter 22 TAX PLANNING

• § 22.01 Introduction
• § 22.02 The Overall Strategy
• § 22.03 Benefits Of Tax Planning
• § 22.04 Risk Management
• § 22.05 Impact On The Business
• § 22.06 Recognition Of Tax Benefit
• § 22.07 Project Management
• § 22.08 Compliance And Disclosure
• § 22.09 Evaluating Tax Planning Ideas
• § 22.10 Summary

Chapter 23 TAX ACCOUNTING AND REPORTING

• § 23.01 Introduction
• § 23.02 Deliverables
• § 23.03 Risk Issues
• § 23.04 People
• § 23.05 Overall Approach
• § 23.06 Process
• § 23.07 Technology
• § 23.08 Controls
• § 23.09 Newly Formed Tax Functions
• § 23.10 Above The Lines Taxes
• § 23.11 Summary

Chapter 24 REGULATORY COMPLIANCE AND AUDIT DEFENCE

• § 24.01 Introduction
• § 24.02 What We Mean By Compliance
• § 24.03 The Key Compliance Challenges
• § 24.04 How Do Best Practice Tax Functions Manage The Compliance Challenges?
• § 24.05 People And Structure
• § 24.06 Process
• § 24.07 Managing The Cost Of Compliance Through Offshoring
• § 24.08 Technology
• § 24.09 Data
• § 24.10 Controls And Risk Management
• § 24.11 Managing Audits And Reviews
• § 24.12 Summary

Chapter 25 MANAGING CHANGE

• § 25.01 Introduction
• § 25.02 Examples Of Change
• § 25.03 Change Is About People
• § 25.04 Who Needs To Change?
• § 25.05 Resistance To Change
• § 25.06 Overcoming Resistance
• § 25.07 Project Management
• § 25.08 Models And Methodologies
• § 25.09 Summary

Chapter 26 MANAGING THE COSTS OF THE TAX FUNCTION

• § 26.01 Introduction
• § 26.02 Why Measure Costs?
• § 26.03 What Does Managing Tax Actually Cost?
• § 26.04 Cost Benchmarking
• § 26.05 Cost Versus Risk
• § 26.06 International Issues
• § 26.07 Managing Costs
• § 26.08 Maximising Shareholder Value
• § 26.09 Summary

Chapter 27 MEASURING PERFORMANCE

• § 27.01 Introduction
• § 27.02 What Are Groups Typically Measuring?
• § 27.03 What Should A Tax Function Be Measuring?
• § 27.04 What Else Can Be Measured?
• § 27.05 A More Balanced Approach
• § 27.06 Summary

Chapter 28 BENCHMARKING

• § 28.01 Introduction
• § 28.02 Why Benchmark?
• § 28.03 What To Benchmark?
• § 28.04 Obtaining Quality Information
• § 28.05 Using The Results
• § 28.06 An Alternative Approach
• § 28.07 Summary

Chapter 29 WORKING WITH SHARED SERVICE CENTRES

• § 29.01 Introduction
• § 29.02 Tax Deliverables
• § 29.03 Tax Enablers
• § 29.04 Summary

Chapter 30 CONCLUSION

• Index