ORBITAX INTERNATIONAL TAX RESEARCH AND COMPLIANCE EXPERT

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1 ORBITAX INTERNATIONAL TAX RESEARCH AND COMPLIANCE EXPERT Put Your International Tax Research Into Action With Comprehensive Analysis and Embedded Tools International Tax Research and Compliance Expert provides accurate and complete information for international tax planning, compliance and research. With planning ideas and calculation tools embedded directly in the content, information is easily transformed into truly actionable outcomes, impacting specific transactions and your overall global operations. Covering over 100 global jurisdictions, this unique resource saves you time and money by providing a full range of international tax research capability on one easy-to-use platform, reducing the need to use multiple resources and services. Make confident decisions knowing you are using reliable and current information backed by a network of international tax experts. One Cohesive System Identify Relevant Tax Rules and Options Test Fit Alternative Solutions Ensure Compliance Daily news promotes planning for, rather than reacting to, developments impacting your company. Detailed country analysis lets you quickly identify relevant information and options to address a topic. Tax forms pre-translated in English and the ability to translate any forms and documents ensure that you can work efficiently with global staff to simplify compliance. Orbitax provides all the must have resources you need to effectively manage the complexities of international taxation. Tax rates, calculators and cross boarder transactions are embedded at appropriate points in your research to instantly quantify the impact of each available option. Translated tax treaties for all countries enable you to easily confirm the letter of the law.

2 Take your research to the next level. Don t just search for information put it directly into action opening up new possibilities to optimize your operations. Efficiently analyze domestic and cross border rates, surtaxes and effective tax rates for the current year, the past five years and approved changes for future years. Understand the impact of rates on a transaction and identify other tax efficient alternatives. Japan is making a cross border intercompany interest payment to Germany. What is the withholding rate? Is there an applicable treaty rate? What are the details in that treaty? Easily monitor all your critical domestic and cross-border tax rates with Certified Rates a customizable report you can build once that will automatically update at the end of each month. Identify individual tax rate summaries by country and VAT rates worldwide. VAT analysis will generate a VAT rate based upon the country of the supplier, the country of the customer and the product category. 2 Orbitax International Tax Research and Compliance Expert

3 Streamline your research with the following capabilities: Quickly get to just the level of analysis you need: snapshots, summaries or detailed analysis: Access key features of 350 treaties most relevant to international business and tax structuring via relevant links through the software. A subsidiary in Spain points out a treaty that will favorably impact a proposed transaction. What are the key features of the treaty? It looks promising, but you need to confirm a few details by reviewing the treaty in English and checking an EU directive. Orbitax International Tax Research and Compliance Expert 3

4 Streamline your research with the following capabilities: (continued) Research treaties in one place through Treaties and Treaties Analysis: A repository of worldwide tax treaties (in English), OECD, UN and US Models, relevant EU Directives and US Technical Explanations. Plan for the impact of proposed and approved changes in domestic rules and treaty developments through the newsletter, and accommodate new changes by linking to news from within tables, charts and analysis. Minimize the risk of overlooking recent developments in your analysis and planning. Your upcoming acquisition in Belgium may be impacted by a new OECD agreement. Stay on top of the situation with the daily news delivered directly to your and accessible in the context of your research. 4 Orbitax International Tax Research and Compliance Expert

5 Streamline your research with the following capabilities: (continued) Assess the potential for creating permanent establishment with a description of the requirements and a PE Risk Chart that assigns a level of risk associated with different activities. Your company is considering opening a market research office in Argentina. Will this create a Permanent Establishment? you need to account for? Are there anti-avoidance rules Use Anti-Avoidance Checklists to quickly ensure your transactions do not conflict with LOB, CFC, thin capitalization or transfer pricing rules. Orbitax International Tax Research and Compliance Expert 5

6 Insure efficient compliance with the following tools: Save time and cost associated with external services by referencing key tax forms translated into English for all countries. Speed your workflow by translating any document into English or any other language and viewing a side-by-side version of both the original and translated documents. You can even transfer data into a certified English translation with automatic foreign currency conversion. Communicate more efficiently with foreign subsidiaries using real-time translations. Your subsidiary in Germany is filing its annual tax forms. You require a quick translation so you can discuss the form with them. You also need to know when the filing is due. Compliance Checklists provide key country compliance facts including filing requirements, interest and penalties on late and incorrect returns, statutes of limitations, refunds, etc. Automatically create tax memos complete with calculations for tax return due dates, interest and penalties, net operating loss carryforwards, transfer pricing ratios, etc. Quickly calculate and manage risks associated with late or insufficient compliance through the Interest and Penalty Calculator. Streamline the time and costs associated with using outside advisors by getting a quick view of key compliance requirements. You have a new subsidiary in Argentina. What will you require from local advisors for filing and the related compliance activities? What are the penalties for non-compliance? 6 Orbitax International Tax Research and Compliance Expert

7 Facilitate tax planning with the following resources: Easily calculate tax costs and benefits of a cross border transaction with cross border tax calculators. Identify alternative ways to route a cross-border transaction to minimize withholding taxes for single or multiple transactions and display the top 20 lowest withholding routes with the Withholding Tax Minimizer. Build tax efficient strategies using integrated research and planning tools and create what if scenarios to model the impact of different transactions or entity structures on your worldwide effective tax rates. A Cayman Island payment from Japan requires 20% withholding if it is made directly. Can using another country reduce this rate? Are there LOB limitations for these options? How will the transaction be impacted by using different entity structures? Model the total tax cost of cross-border transactions using alternative entity structures and generate a visual chart of the entities and transaction. Minimize taxes by reviewing steps to implement eight tried and tested international tax strategies and assemble the results in one comprehensive report. The strategies include avoiding a permanent establishment, maximizing tax incentives, maximizing transfer pricing, maximizing interest deductions, minimizing withholding taxes, maximizing exemptions and foreign tax credits and deferral. Orbitax International Tax Research and Compliance Expert 7

8 Orbitax International Tax Research and Compliance Expert includes: Domestic, treaty, and EU withholding and other cross border tax rates for 120 countries including links to the full tax treaty documents and the Witholding Tax Minimizer tool. Corporate tax rates, surtaxes, and effective tax rates listing corporate tax rates for the current year, the past five years, and approved changes for future years. Also provides individual tax and VAT Rates by country. Country Snapshots providing concise compilations of key tax facts. Country Tax Summaries describing key tax rules relevant for multinational companies doing business outside their home country. Topics covered include forms of doing business, corporate and withholding tax rules for resident and non-resident businesses, anti avoidance rules and indirect tax rules. Country Chapters offering in-depth practical tax guidance for over 70 countries, focusing on all aspects of the tax system that are of relevance to cross-border business and international structuring. Coverage is focused on four main areas: Corporate law aspects, all substantive tax aspects of relevance to cross-border business & restructuring, base protection & antiavoidance, and tax management & compliance. Modeling tools to analyze the rules with relevant tax attributes and tools to compare rules across countries and create reports in Excel and PDF. Global Tax Treaty Database: Repository of worldwide tax treaties (in English) for over 100 countries, plus relevant treaty material such as: OECD, UN and US Models, relevant EU Directives, and US Technical Explanations. Treaty Analysis: a succinct presentation of the most important features of 350 treaties most relevant to international business and tax structuring, accessible via relevant links through the software. Tax Treaty Wizard with treaty commentary showing how to read a tax treaty, step by step guidance on how to walk through the steps of using a tax treaty (relevant links included.) 2015 Thomson Reuters. Thomson Reuters, [other trademarked names] and the Kinesis logo are trademarks of Thomson Reuters and its affiliated companies. T _06/15_cm Charting and World-Wide Tax Calculator will take entity and cross border transaction information and generate a visual chart that can be exported to Powerpoint. Tax calculator tool allows analysis of various what if scenarios including impact on world-wide tax of cross border transactions and changes to entity structure. Strategies and Checklists providing step-by-step guides on how to use the software features to implement eight tried and tested international tax strategies and assemble the results in one comprehensive report. Tax Memo Generator that automatically creates memos with calculations for tax return due dates, interest and penalties, NOL carry-forwards, transfer pricing ratios, thin cap limitations, etc. Cross border and withholding tax optimizer to calculate the total tax cost of cross border transactions and find the lowest withholding tax routes. Compliance checklists that provide key country tax compliance facts including filing requirements and due dates, interest and penalties on late and incorrect returns, statutes of limitations, refunds, etc. Anti-Avoidance Checklists with data on LOB clauses, transfer pricing, CFC rules and thin capitalization rules compliance. Compare feature that allows compliance rules to be compared across countries/jurisdictions. Key tax forms translated into English for 80+ countries, including corporate tax return forms, treaty benefit claim forms, withholding tax reporting forms and VAT forms. Automatic document translation tool instantly translate any PDF document (scanned or electronic) into English or any other language and save a side-by-side view of both the original and translated forms. A comprehensive listing of all global tax administration sites for each country, enabling you to link directly to underlying data sources. Country Coverage Argentina, Algeria, Australia, Austria, Bahamas, Bahrain, Barbados, Barbados IBC, Belarus, Belgium, Bermuda, Bolivia, Brazil, British Virgin Islands, British Virgin Islands IBC, Bulgaria, Cameroon, Canada, Cayman Islands, Chile, China (People s Rep.), Colombia, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Ecuador, Egypt, El Salvador, Estonia, Finland, France, Germany, Gibraltar, Greece, Guatemala, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Ireland, Isle of Man, Israel, Italy, Ivory Coast, Jamaica, Japan, Jersey, Kazakhstan, Kenya, Korea (Rep.), Kuwait, Latvia, Lebanon, Liechtenstein, Lithuania, Lux Hold C, Luxembourg, Malawi, Malaysia, Mali, Malta, Mauritius, Mexico, Monaco, Morocco, Netherlands, New Zealand, Nicaragua, Nigeria, Norway, Oman, Pakistan, Panama, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Romania, Russia, Saudi Arabia, Senegal, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Swiss Dom C, Switzerland, Taiwan, Thailand, Togo, Trinidad and Tobago, Tunisia, Turkey, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Venezuela, Vietnam, Zimbabwe. FOR MORE INFORMATION Call or visit tax.thomsonreuters.com/checkpoint. About Thomson Reuters Thomson Reuters is the world s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 55,000 people and operates in more than 100 countries. For more information, go to thomsonreuters.com.