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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...
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