Kickstart BEPS Pillar Two reporting
Time is running out for multinational corporations to cope with the OECD’s BEPS Pillar 2 model rules. This directive strikes at the center of the financial close and consolidation process. Finance and tax departments should assess material impacts and address data collection needs now in order to meet reporting requirements on time.
CCH Tagetik Global Minimum Tax eases the transition with an end-to-end BEPS Pillar Two process.
CCH Tagetik Global Minimum Tax is a pre-built expert solution that streamlines BEPS Pillar 2 data collection, calculations, reporting, CbCR, planning and performance management according to OECD guidance. With a workflow purpose-built for finance-tax alignment, it harmonizes the new tax requirements with both local financial close and group consolidation processes.
3 ways CCH Tagetik Global Minimum Tax lets you focus on your business
Rapidly meet BEPS Pillar Two requirements
Visualize how BEPS Pillar 2 will impact your business. Our powerful processing engine automates global data collection, analysis, complex calculations, and reporting. Harmonize new data points to ensure consistency.
Orchestrate the finance-tax end-to-end process
Manage corporate legal structures with a fully guided BEPS Pillar 2 workflow. This solution is built for flexibility. Finance users can easily configure a global tax process based on local adjustments.
Mitigate risk and accelerate implementation
Turn tax into a strategic advantage. With the power to analyze different tax scenarios, you can monitor your overall tax position and minimize material impacts.
Manage complex data requirements
Pillar Two will require you to aggregate over 200 data points. And yet, standalone tax solutions don't offer robust data management capabilities. CCH Tagetik GMT gives you the data intelligence to transform large data sets into tax filings and strategic insights.
Trusted expertise in tax and financial consolidation
Wolters Kluwer is the foremost expert in tax software. When paired with CCH Tagetik's leading financial performance management, the result is the perfect marriage of technology needed to manage Pillar Two challenges.
Accelerate implementation
You have less than a year to cope with Pillar Two requirements and change your business to minimize its material impacts. We built this solution to rapidly provide you with the data management to facilitate filing requirements taking into account your financial objectives — now and in the future.
Free teams from the burden of reporting requirements
Pillar 2 obligations will strain tax teams that rely on isolated tax systems. Our top-down approach to BEPS Pillar 2 connects tax to consolidation and facilitates tax reporting enterprise-wide.
- Automatically collect, aggregate, and store data
- Easily map Pillar 2 calculation objects
- Align tax - finance teams and accelerate financial close
- Automatically calculate top-up tax
- Allocate tax amounts to impacted entities
Use tax insights to guide business strategy
Adhering to BEPS Pillar 2 means more than a tax system upgrade. It involves modifying internal processes to accurately reflect your tax position in financial statements. CCH Tagetik equips you with the planning intelligence to simulate tax impacts — and adjust plans accordingly.
- Report CbCR & Pillar 2 data
- Enhance collaboration with back & forth posting
- Be audit ready with a log of past versions and processes
- Configure workflows, responsibilities, and deadlines
- Test cash, ETR, and SH scenarios with simulations
Financial Reporting
CCH Tagetik Financial Reporting software brings your company’s story to life.
Financial Close & Consolidation
Manage your financial close and consolidation with CCH Tagetik's software from local close to group consolidation to regulatory reporting and disclosure.
Account Reconciliation & Transaction Matching
Reconcile balance sheet, income statement, and other complex accounts automatically.
iXBRL
Tag smarter. Manage better. File faster. iXBRL filings using leading-edge machine learning technology.
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