The global tax environment is becoming increasingly complex. In a time of unprecedented change, how can organisations keep updated, maintain tax compliance, reduce risks and spot opportunities?
International Financial Services organisations will be impacted by changes to global tax treaties through the introduction of the Multilateral Instrument (MLI), the EU Anti-Tax Avoidance Directive (ATAD), the EU Mandatory Disclosure Rules (MDR) and by other developments such as the US tax reform, Brexit and innumerable local tax developments.
Every structure is different and is the output of a strategy, an investor base, and an investment objective. Multi-jurisdictional structures, the interplay of complex rules, different regulations, local interpretation as well an organisation’s approach to the management of tax risk and opportunity, can make getting to grips with the new international tax landscape challenging and resource intensive.
We have developed the CORE VCA (Commercial, Operational, Regulatory/legal and Economic – Value Chain Analysis). The CORE VCA is not just an economic analysis tool but also takes into account the effect of legal, accounting, regulatory and practical factors that drive decisions as to location and structure. When you apply our CORE VCA approach then lots of market practices make sense.
Our approach provides clients with a tool to test any number of outcomes and to incorporate concepts that, regardless of the outcome of proposed legislation, will remain relevant in their tax-planning. We not only consider the subjective tax changes but also the mechanical rules – in particular; anti-hybrid rules. There is no alternative but to look at the rules and apply them to client structures.
Watch our short walkthrough of using CORE VCA, or download our brochure via the link below. If you have a question, or would like to arrange a demo, don’t hesitate to get in touch.