TPA Global (web) Events 2018

"What is your CFO’s plan for streamlining service costs?"

The requirements for full disclosure after BEPS are affecting multinational corporations in one way or the other. In this world of complete transparency, one aspect of being fully in control is getting a strong grip on your intercompany costs. In our discussions with CFOs over multiple projects, they have stressed on the need for a ‘lean and mean’ finance set-up that allows to achieve the following objectives in terms of intercompany service costs:

  • Reduce the number of intercompany invoices;
  • Standardize the costs captured in each invoice;
  • Allow for flexibility to capture variations in price and quantity of service delivered;
  • Create for a risk management framework for challenges from tax authorities on Share Service Centre costs; and
  • Automate the complete process.

As we successfully implement reliable solutions in this regard for clients, we would like to present to you the steps involved in accurately identifying, standardising and automating the process of recharging intercompany service costs in your organisation.

TPA Global has been using a “3x3x3 model” especially with large multinationals (of operations in more than at least 10 countries) to:

  • streamline intra-group service costs;
  • remove inconsistencies between categorisation of cost per service;
  • appropriate allocation of costs to legal entities;
  • prepare a defense strategy.

Some key attributes of the 3x3x3 model are:

  • It classifies group entities into three regions i.e. US, EMEA and APAC and a regional shared service centre is appointed per region. 
  • It classifies services into three categories i.e. Global HQ services, Global Business Unit specific services and Regional Shared Service Centre services. 
  • It classifies entities involved in these transactions into three categories i.e. Contract Service provider, Lead Service Provider and Service Recipient. 

TPA Global will be hosting two webinars on this topic: one to provide an explanation of the practical application of the 3x3x3 model and second, to provide guidance on how to automate this process:

Webinar #1 - Thursday, 27 September, 2018

9:00 AM - 10:00 AM Mexico, USA and Canada
11:00 AM - 12:00 PM Brazil
3:00 PM - 4:00 PM London (GMT)
4:00 PM - 5:00 PM Amsterdam (CET)
6:00 PM - 7:00 PM Moscow

This first webinar will consider the following:

  1. What is the 3x3x3 model?
  2. What types of services can the 3x3x3 model be applied to?
  3. How to classify an entity as lead or a contract service provider?
  4. How to identify costs that can be recharged as per OECD (and selected country) guidance?

Speakers

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Webinar #2 - Thursday, 11 October, 2018

9:00 AM - 10:00 AM Mexico, USA and Canada
11:00 AM - 12:00 PM Brazil
3:00 PM - 4:00 PM London (GMT)
4:00 PM - 5:00 PM Amsterdam (CET)
6:00 PM - 7:00 PM Moscow

This second webinar will consider the following:

  1. What makes the 3x3x3-model easy to standardize?
  2. How can automation help you in implementing the 3x3x3-model?
  3. What are the steps involved in automation?
  4. How to identify workflows to be automated and who within your team should be made responsible for the process?

In this regard, TPA will provide a demonstration (using the TaxTimbre software) of automation of the 3x3x3 model, giving you new insights in the technology and possibly assisting you to adequately respond to today’s demanding tax and transfer pricing challenges.

Speakers

Register



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TPA Global provides solutions in the area of BEPS, Value Chain Analysis for multinationals along with variety of tax, business and educational technologies. Let us show you how to improve your operations and move from “staying out of trouble” to “being in control”.

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