Meeting your tax needs in a dynamic environmentQuality, consistency and a holistic approach to support your tax function Today’s uncertain world requires a holistic approach to building a successful tax function. A comprehensive approach builds a strong reporting foundation and facilitates planning and growth. It helps you develop tax strategies aligned with your business. It lets you meet today’s business goals, while laying the groundwork for tomorrow’s success. To support this holistic approach, you’ll need networked teams to advise on planning, compliance and reporting, and maintaining effective tax authority relationships. Ernst & Young’s professionals bring technical knowledge, practical experience and consistent methodologies to your business — wherever you are, whatever tax services you need. | The Bush tax relief is set to expire Unless Congress acts, the 2001 and 2003 tax relief enacted under the Bush Administration will expire at the end of this year. These scheduled rate increases have significant implications for businesses and high-income individuals. This article outlines some of the issues companies and individuals should be thinking about now to plan for these potential tax increases. Recruiting and retaining top talent globally Talent management should be viewed as an “end-to-end” process that links a company’s mission, vision, values and strategy with the way it manages and develops its people. Join a panel of professionals as they discuss leading practices for launching and running a successful talent management program. New study on state and local business taxes The contribution of businesses to state and local taxes is the subject of a new study produced by Ernst & Young's Quantitative Economics and Statistics (QUEST) group in conjunction with the Council On State Taxation. "Total state and local business taxes: state-by-state estimates for fiscal year 2009 (pdf, 317.1kb)" includes business tax estimates by state as well as key findings nationally and by industry. The study also examines the potential business tax implications of declining state tax revenues, falling housing values and the recession. US businesses continued to make strategic investments during recession The 2010 US Investment Monitor tracks investments announced by companies during the 2007-2009 recession. The analysis shows that companies continued to make strategic investments in their facilities despite the recession. Manufacturing facilities generated the majority of announced capital investment and announced jobs during this period, with large investments in the alternative and renewable energy sectors, according to the 2010 US Investment Monitor (pdf, 2.1mb) from Ernst & Young LLP. See the complete report for analysis by state and industry. Transfer pricing global reference guide The February 2010 version of Ernst & Young’s Transfer pricing global reference guide is now available. This guide is a comprehensive tool that is designed to help international tax executives to quickly identify the transfer pricing rules, practices, and approaches that have been adopted by over 45 countries. These various approaches must be understood in order to complete both compliance and planning activities. The Obama tax proposals: what they could mean to your business The tax proposals in President Obama's FY2010 budget contain implications that extend well beyond the corporate tax department. This article by Ernst & Young, "The Obama tax proposals: what they could mean to your business," (pdf, 318K) examines the Obama tax plan and highlights questions that executives should be asking now, before the legislative proposals become law. Helping you navigate in turbulent times Tune into our tax webcast series and podcasts designed to provide you with the most up to date information critical to your future success. Tax Legislative Quarterly Update series provides you with up-to-date analysis on the progress of tax legislation your business needs to watch. Tax Executive Quarterly Update series EY Tax leaders moderate panel discussions that tackle timely and relevant business topics for today's tax executive. Domestic Tax issues: Quarterly Webcast series Understanding that the tax planning, provision, compliance and controversy functions are not self-contained, our experienced Ernst & Young tax professionals focus on a holistic approach to domestic tax technical developments impacting your company. State and Local Tax Outlook Webcast series Join us for a series of webcasts featuring Ernst & Young state and local tax professionals focusing on state tax issues. |
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Contacts To inquire about Ernst and Young tax services, please contact your local E&Y office. - Bank tax and levy proposals: G20, IMF and country initiatives
Our recent global tax webcast reviewed bank tax legislative proposals that included differing tax structures, and proposals relating to the scope of the financial services industry that would be subject to the tax. Learn how the industry might respond to the proposals both from a government affairs and a business perspective. - Tax administration without borders
Globalization is accelerating at an unprecedented pace, economies are in flux, businesses are fighting for survival and market share at the same time, and governments are addressing this new environment by trying to protect revenues and cooperate as never before. What does this mean for businesses that are trying to achieve certainty and reduce the risk of controversy? Find out more in Tax Administration without Borders. - Five tax issues every board member should understand
Board members may think of tax as the purview of lawyers and accountants: important, but best left to tax professionals. But boards must stay current on tax matters in five key areas. To find out what they are, read an article by Kate Barton, Americas Vice Chair of Tax, in the October 21, 2009 edition of Directorship. - Worldwide fiscal stimulus webcast
To fight the global recession, governments worldwide are introducing tax measures driven by fiscal stimulus plans. Watch this webcast to be better prepared for their impact. Click here to register.
- US Tax proposal 'could be a
game changer'
Mark Weinberger, Global Vice
Chair – Tax, comments on Bloomberg TV
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