Halliburton Tax Systems Project

Preliminary Software Recommendation

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Tax 2015 Vision

Federal return falls out of Provision process (3/16) More Tax resources allocated to Tax Planning Single tax system platform supporting

- Global provision and US compliance

- Tax planning and tax controversy processes

- May be leveraged to support local country compliance

- Visibility of global tax attributes

Empowers proactive management of factors impacting effective tax rate levels

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Software Selection

Vendor DemosVendor

Technical Workshop-1

Halliburton Data

Vendor Technical

Workshop-2

Halliburton Data

Tax 2015Vision

VendorReferences & External Data

OneSource

Evaluation

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How OneSource Supports Our Direction

Process Improvement:- Improve upstream data feeds- Workflow- Risk mitigation- Global Provision view – elimination of manual processes - Tax Basis Balance Sheet- RTA- Easier for Tax staff to move between Provision & Compliance

Data Management:- TDW

• Enables automation• More flexible data feeds• Less maintenance

Provision:- Fin 48 (UTP)- Forecasting Functionality (FIN18)- Global Provision view– visibility across board

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OneSource Implementation Considerations

Will need to re-work configurations built into CorpTax over past several years:- State- International- Would have some re-work with CorpTax solution as well

Additional Resources to help with Implementation Need to consider transition & compatibility for FIT

transition Timing:

- Domestic Provision with feed from Talisman – parallel in 2012- Compliance – implement next year for use with 2012 returns- Foreign Provision – implement in 2012- Completely on OneSource 1Q 2013

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Cost Estimates From OneSource

$000

Software (Annual) 390

Implementation 810

Total 1,200*

• OneSource’s best price before procurement process.• Does not include:

– Ongoing Process Improvement – $209K cost for CorpTax 2011 – Backfilling staff, – etc..

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Next Steps

Finalize Budget Coordinate with:

- Procurement & Legal- IT- Audit

Begin planning