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Can a company submit all its tax and financial filings around the world from an efficient global center and yet maintain the local expertise necessary to get every detailed, country-specific calculation correct? According to a new survey conducted by Ernst Young, some global finance executives are trying to accomplish just that: go global, yet remain local. Most companies operate in multiple countries all over the world and face a massive tax challenge each year: filing thousands of tax returns with national and local governments. These cover not only income taxes but also value-added taxes and many others. On top of the tax returns are other statutory filings. Local employees in each country have traditionally done most of that work. Then came globalization, which accelerated...
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