Introduction to ( Insert Company Name’s) Corporate Tax DepartmentAn Overview of Issues & Activities

Insert Company Logo

Date

Tax Department Goals & Objectives

Inse

rt Departm

ent Miss

ion Statement / G

oals &

Objective

s

Source: Standard Chartered.; Tax Director Roundtable research.

Our Tax team mission statement on is focused on serving as a business partner to the business units and delivering maximum value to the

organization while effectively managing tax risks

Tax Department Organizational Overview

Source: Tax Director Roundtable research

• Our tax department is optimized to functional specialties:• We outsource the following activities:

– Tax Advisory Services are provided by the following law firms:– The External Auditors provide guidance on the following activities:

• We believe that it is imperative to maintain the following activities in-house:• The following activities are conducted largely by regional controllers offices:

– Provisioning for Taxes – data is received from overseas jurisdictions• Insert Any Other Relevant Information here

VP Tax

Planning Compliance Controversy

Domestic International State & Local Federal International

Insert Details of Tax

Department’s Organizational

Structure

Tax consists of a variety of complex responsibilities and requires interactions with an array important internal and external partners and vendors

ETR Benchmarking & Analysis

Request a customized ETR Benchmarking

& Analysis Report from the

Roundtable from your Account Manager

Drivers of ETR Volatility Corporate Impact

Industry

Size

Foreign Operations

Funding and Asset Mix

R&D

Profitability and NOLs

Ownership Structure, Compensation Policies, Corporate Culture

Tax Accounting: Deferred tax expenses/benefits; Permanent Differences; Tax Refunds/Losses, etc. Insert C

orporate Drivers o

f ETR

Source: Tax Director Roundtable research

When benchmarking Effective Tax Rate it is important to understand the controllable and uncontrollable drivers of ETR unique to each organization

Tax Risk Policy

• The company’s historical view on tax planning has been:– Risk averse, risk neutral, risk seeking

• The company’s posture vis a vis revenue authorities has been:– Risk averse, risk neutral, risk seeking

Inse

rt Risk

Fram

ework

and/or

Risk P

olicy

Source: Tax Director Roundtable research

In order to minimize surprises, it is critical that the Board and Senior Management are all agreed upon the companies approach to risk

Major “Wins” for Tax Team

Action Benefit to CompanyTax Staff Involved

Supported Acquisition of Company X

Generated Cash Tax Savings of XSuccessfully completed SOX Controls analysisEstimate integration of tax dept. will save $

Lars, Vijay

Saved $xxx on recent IRS audit

$ Cash Tax SavingsAnticipated % Reduction in ETRReleased $ Tax Reserves

Henri, Collette

Reduced Legal Entities by 10% (12 Entities)

Reduce RiskReduce WorkloadSave annual maintenance expenses (est. between $5,000 and $25,000 each annually)

Mary

Implemented Tax Provision Software

Improved ControlsIncreased Speed and Accuracy of provision calculation

Jennifer, John

Completed Bilateral APA between U.S. and U.K

Increased Certainty Juan

Insert Tax Departm

ent’s Recent

Achievements*

Source: Tax Director Roundtable research

Over the past 12 months the Tax staff have been working hard and have saved the company an estimated $xx as well as executing against a number

of additional goals

Tax Services and Technology Overview

Insert details

on Service and Technology P

roviders

Source: Tax Director Roundtable research

One of the biggest challenges for the Tax department is gathering data in a tax ready format for the department to analyze; investments in technology have

helped us manage this previously manual process

Corporate Legal Entity Structure

Headquarters

North America Continental Europe South America

Business Unit A Business Unit B Holding CompanyBusiness Unit C Business Unit D

Legal Entity 1

Legal Entity 2

Legal Entity 3

Legal Entity 4

•# of active legal entities

•# of inactive legal entities

Inse

rt Leg

al Entit

y Stru

cture

Source: Tax Director Roundtable research

Legal entities have a tendency to proliferate and it is important from a cost and controls perspective to keep the legal entity structure at an efficient and

manageable level.

Effective Tax Rate Analysis

Location or Business Unit

Statutory Rate

Actual Rate

Comments

Consolidated Corporate Rate

U.S. Federal

California

U.K.

• Insert comments regarding rate sensitivity• Insert comments regarding rate forecasting

Inse

rt E

TR Anal

ysis

Source: Tax Director Roundtable research

Certain parts of the business are more tax efficient than other. The greatest reduction in the effective tax rate can come from xxxx

Business Unit Relationships- Communication Strategy

• Biggest Opportunities for Business Units:

─ Insert details of most promising opportunities to work with/ realign/ restructure business units

• Customer satisfaction survey results:

─ Insert details (may want to include additional details in appendix

Source: Tax Director Roundtable research

• Businesses incented on pre-tax or post-tax basis

─ Include details on current business unit relationships, projects being worked on etc.

• Tax department outreach includes:

─ Insert Details on Training, Meetings, Memos, Intranet Updates, etc.In

sert

Details R

egarding R

elationsh

ips with

Business

Units

Communication and support from the business units is critical to Tax being able to source and implement tax planning strategies and meet

compliance requirements