Abstract

This paper describes an innovative application of smart technologies to administration of taxation in accordance with the new transfer pricing rules, recently introduced by the Organization of Economic Cooperation and Development (OECD) in 2015. The new rules, introduced by the OECD, relate not only to the tax legislation of the 36 OECD countries - the total number of countries that currently are modifying their taxation rules is 116. This paper describes the innovative tax administration system - the ONESOURCE BEPS Action Manager system; it complies with the most recent OECD rules and regulations in international taxation. The results of system analysis, design, development, testing and pilot utilization by a multinational enterprises, and a summary of the obtained user feedback are presented in the paper.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call