Reporting to the Global Tax leadership team, you will collaborate closely with cross-functional teams and external partners to optimize tax outcomes and mitigate risks associated with M&A activities. https://lnkd.in/euJwKfvY
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Chartered Accountant || Deloitte || AIR 28 in IPCC || Vision CA || UPAY || B.COM || Sports enthusiast
M&A Tax 🤔💁♀️: Your Guiding Light in Deals 🤝💼 Hello, #LinkedInConnections! 👋 Having embarked on the journey of understanding Mergers and Acquisitions (M&A), it's time to shine the spotlight on a vital player that often remains in the shadows – M&A tax 💰 ⭐M&A Tax Explained: ▪️M&A transactions are transformative, reshaping industries and economies. ▪️Amid strategic planning and operational considerations, M&A tax emerges as a significant factor that can shape financial outcomes and steer decisions. 🏛The Pillars of M&A Tax: ✅Transaction Structure: ▪️M&A deals come in different shapes – asset purchases, stock acquisitions, and more. (saving for another day) ▪️Each structure carries distinct tax implications that can significantly impact the overall financial picture. ✅Due Diligence🔎: ▪️Just as a thorough examination of a target company's operations is essential (Remember❓we already covered it. Do check out my prior post on due diligence), so is examining its tax history. ▪️M&A tax due diligence uncovers potential tax liabilities, allowing for informed decision-making. ✅Tax Attributes: ▪️Acquiring companies inherit tax attributes like losses and credits. ▪️Understanding and leveraging these attributes can affect post-acquisition tax planning and outcomes. ✅Cross-Border Complexity: ▪️In today's global business landscape, cross-border M&A is commonplace. ▪️However, this introduces the complexity of dealing with different tax jurisdictions, including challenges like transfer pricing and potential double taxation. ⭐Why M&A Tax Matters⁉️ 🔹️Financial Optimization: M&A tax strategists optimize tax efficiency, minimizing liabilities and maximizing financial gains. 🔹️Risk Mitigation: Informed decision-making depends on foreseeing potential challenges. M&A tax due diligence acts as a shield against unexpected tax-related surprises post-deal. 🔹️Legal Compliance: Adhering to tax regulations isn't just good practice – it's crucial for avoiding legal and financial setbacks. ✨Expert Collaboration: ▪️Navigating M&A tax intricacies requires more than a solo performance. ▪️It's a symphony of financial advisors, legal experts, and tax specialists harmonizing to create a successful deal composition. 📣🗨️If you've encountered intriguing M&A tax scenarios or have insights to share, please contribute to the conversation in the comments below. Let's illuminate the path together! Happy Reading :) #MergersAndAcquisitions #TaxStrategy #FinancialInsights #BusinessLaw
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Thrilled to be featured in the latest issue of the Tax Executives Institute's journal, ("Tax executive")🌟 In my profile, I emphasize the critical role of collaboration in ensuring that indirect tax strategies harmonize seamlessly with broader business objectives. This alignment contributes to a cohesive and integrated financial management framework. 💼💡 #TaxLeadership #BusinessAlignment” #TEI https://lnkd.in/eQuuv-Me
Gorka Echevarria
https://taxexecutive.org
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CA I EY I Transaction Tax (M&A) I Due Diligence I Deal Advisory I Equity Research Aspirant I 1Mn+ Content Views
Do you know Tax due diligence is crucial in various business transactions. Let's have a look! 📝 Tax due diligence involves through review and examination of company’s tax-related matters conducted during mergers & acquisitions or other business transactions. The main purpose of tax due diligence is to identify and assess the potential tax risks and compliance issues. Here are some of the basic key checkpoints to be noted while performing due diligence from direct tax perspective: ⭐ Review of audited financial statements: # Review balance sheet, income statement and cash flow statements including relevant notes & schedules thereto. # Identify any subsidiaries or affiliated parties of the entity. Review the related party transaction schedule. # Check for any qualification reported by the auditors in the audit report. ⭐ Legal structure of the entity: # Confirm the legal structure (corporation, partnership, etc.) # Assess any changes in ownership or structure & its tax impact. ⭐ Tax Compliance review: # Review & assess the entity’s compliances with the relevant tax laws. # Examine for any revised/ belated/ updated tax returns. # Confirm the applicable tax rate and check whether the tax liability has been appropriately discharged by the entity. # Identify whether there exist any outstanding tax liabilities. ⭐ Transfer pricing: # Check the applicability of transfer pricing provisions. # Analyse transfer pricing policies for related party transactions. # Ensure compliance with transfer pricing regulations. ⭐ Tax Credits and incentives: # Identify any available tax credits or incentives. # Evaluate their utilization & potential future benefits. ⭐ Deferred Tax Liabilities/ Assets: # Analyse deferred tax liabilities & assets created. Examine its appropriateness. # Assess the impact on future tax obligations & cash flows. ⭐ Tax losses/ Carry forward of tax losses: # Confirm the existence of any carry forward tax losses in the company’s tax returns. # Assess the impact of any changes in ownership on the ability to utilize carry forward tax losses. # Consider the impact of carry forward tax losses on the overall purchase price in mergers & acquisitions. ⭐ Assessments/ Pending litigations: # Identify any pending or potential tax-related litigation & associated risks. # Review the notices received form the tax authorities and responses submitted against same by the entity. # Evaluate the risks & potential financial consequences. ⭐ Liabilities & contingencies: # Investigate any tax-related liabilities & contingencies reported in the financial statements and assess any potential tax impact. ⭐ Contracts and agreements: # Review of contracts for tax related provisions, indemnities and guarantees and assess any potential tax impact. Further, there are certain additional areas that requires focus while performing tax due diligence depending upon the size, scope, complexity and overall structure of the entity. Hope you find this useful!
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Assistant Director: Talent Attraction and Acquisition Recruiter, TA²| at EY Currently recruiting for Oracle MFG and Data Strategy & Management - Private Equity
Business is constantly evolving, and more than ever, staying at the forefront is all about identifying and adapting to change. As a Tax Senior, you’ll see this first hand by being immersed in the evolving tax environment through preparing and auditing income tax provisions, assisting with income tax filings, consulting on planning opportunities, and coaching and developing staff on your engagement teams. Click the image to apply. #EY #BetterWorkingWorld #tax #taxmanager #cpa #corptax #taxcareers
Tax Senior - Global Compliance and Reporting - CA, WA, OR, NV, UT, TX, AZ, CO, LA, AR
ey.smh.re
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Executive Leadership | Turnaround Strategist | Transformation enabler | Corporate Finance | FP&A | Process Optimisation | Risk & Compliance | ESG | Pharma & FMCG | Retail| Ex-Citi| Ex- Nomura| Ex-Flemingo | Ex- Aspen
𝐌𝐚𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐌𝐚𝐳𝐞: 𝐀 𝐆𝐮𝐢𝐝𝐞 𝐭𝐨 𝐆𝐥𝐨𝐛𝐚𝐥 𝐓𝐚𝐱 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 The job description of a CFO in today's dynamic business environment goes well beyond traditional financial management. Handling the complexity of international tax tactics is one of this role's most difficult but important responsibilities. A complex network of tax rules, regulations, and compliance requirements accompany cross-border businesses, making good tax planning essential and challenging. 🌏 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐳𝐢𝐧𝐠 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐓𝐚𝐱 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐬 Gaining a thorough grasp of the many tax environments in which your business works is the first step in creating a successful worldwide tax strategy. This entails keeping up with the most recent international tax laws, treaties, and regulations. It is imperative to be cognizant of worldwide tax trends, including the growing emphasis on digital taxation and transfer pricing. 🔍 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐑𝐢𝐬𝐤 𝐇𝐚𝐧𝐝𝐥𝐢𝐧𝐠 Walking a tightrope involves ensuring compliance while maximizing tax efficiency. To reduce risks, such as financial penalties and reputational harm, strong internal controls and governance structures must be put in place. Your plan should include frequent audits and risk assessments to guarantee compliance with national and international tax regulations. 💡 𝐂𝐚𝐮𝐭𝐢𝐨𝐧𝐚𝐫𝐲 𝐓𝐚𝐱 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 There is more to strategic tax planning than merely compliance. It all comes down to comprehending how various tax laws affect the choices you make for your company and your entire financial plan. This entails assessing the tax ramifications of corporate growth, acquisitions, divestitures, and mergers. 🤝 𝐌𝐚𝐤𝐢𝐧𝐠 𝐔𝐬𝐞 𝐨𝐟 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐚𝐧𝐝 𝐊𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞 Using technology to handle and analyze tax data is revolutionary. More sophisticated tools can support better decision-making by offering predictive analysis and real-time insights. Working with tax professionals and consultants who have international experience can also yield insightful insights and direction. 🌼 𝐓𝐚𝐤𝐢𝐧𝐠 𝐂𝐡𝐚𝐫𝐠𝐞 𝐰𝐢𝐭𝐡 𝐈𝐧𝐭𝐞𝐠𝐫𝐢𝐭𝐲 𝐚𝐧𝐝 𝐎𝐩𝐞𝐧𝐧𝐞𝐬𝐬 It is imperative to lead with integrity and transparency in tax concerns in an era where corporate responsibility is scrutinized. This strategy not only complies with legal requirements but also fosters public and stakeholder trust. 🚀𝘔𝘺 𝘍𝘪𝘯𝘢𝘭 𝘛𝘩𝘰𝘶𝘨𝘩𝘵 Embracing the complexity of global tax tactics as CFOs is about more than compliance; it's about leveraging these obstacles to create value for your company. You may successfully negotiate these challenges and contribute to the long-term growth and success of your company if you have the appropriate team, resources, and approach. Tell me what do you feel? Have you ever faced the above consequences? #globaltaxstrategies #taxstrategies #cfo #financechallenges #cfoschallenges
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For the last 10 years I have seen a big transformation in tax departments. The following EY arrtiicle is right on point.
How transforming tax functions is paying off
ey.com
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Business is constantly evolving, and more than ever, staying at the forefront is all about identifying and adapting to change. As a Tax Manager, you'll see this first hand by being immersed in the evolving tax environment through preparing and auditing income tax provisions, assisting with income tax filings, consulting on planning opportunities, and coaching and developing staff on your engagement teams. Click the image to apply. #EY #BetterWorkingWorld #tax #taxmanager #cpa #corptax #taxcareers
Tax Manager- Global Compliance and Reporting - CA, WA, OR, NV, UT, TX, AZ, CO, LA, AR
ey.smh.re
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Business is constantly evolving, and more than ever, staying at the forefront is all about identifying and adapting to change. As a Tax Manager, you'll see this first hand by being immersed in the evolving tax environment through preparing and auditing income tax provisions, assisting with income tax filings, consulting on planning opportunities, and coaching and developing staff on your engagement teams. Click the image to apply. #EY #BetterWorkingWorld #tax #taxmanager #cpa #corptax #taxcareers
Tax Manager- Global Compliance and Reporting - CA, WA, OR, NV, UT, TX, AZ, CO, LA, AR
ey.smh.re
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Business is constantly evolving, and more than ever, staying at the forefront is all about identifying and adapting to change. As a Tax Manager, you'll see this first hand by being immersed in the evolving tax environment through preparing and auditing income tax provisions, assisting with income tax filings, consulting on planning opportunities, and coaching and developing staff on your engagement teams. Click the image to apply. #EY #BetterWorkingWorld #tax #taxmanager #cpa #corptax #taxcareers
Tax Manager- Global Compliance and Reporting - CA, WA, OR, NV, UT, TX, AZ, CO, LA, AR
ey.smh.re
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Virtual Chief Financial Officer Service | CFO Helping Start-ups in Finance & Compliance | Tech Enabler | # Team Leader #AI/ML # Data Analytics # Automation # KPI # Budgeting #IFRS
📢 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐅𝐚𝐜𝐞𝐝 𝐛𝐲 𝐂𝐅𝐎𝐬 𝐢𝐧 𝐓𝐚𝐱 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐚𝐧𝐝 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞? 📊💼 Hey LinkedIn community! 👋 As a fractional CFO, I understand the unique challenges that we face when it comes to tax planning and compliance. In today's complex business environment, staying on top of tax regulations and ensuring compliance can be a daunting task. Let's dive into some of the major challenges that CFOs encounter in this area. 🗂💰 📌 𝟭: 𝗦𝗵𝗶𝗳𝘁𝗶𝗻𝗴 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 𝗮𝗻𝗱 𝗖𝗼𝗺𝗽𝗹𝗲𝘅𝗶𝘁𝘆📚💼 Tax laws and regulations are constantly evolving, posing a challenge for CFOs to stay updated and maneuver through the intricate tax landscape. The complexity of tax codes and varying interpretations can make it difficult to determine the most effective tax strategies while ensuring compliance. Keeping abreast of these changes is crucial to navigate this ever-changing environment. 🔍💡 📌 𝟮: 𝗕𝗮𝗹𝗮𝗻𝗰𝗶𝗻𝗴 𝗧𝗮𝘅 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆 𝗮𝗻𝗱 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗢𝗯𝗷𝗲𝗰𝘁𝗶𝘃𝗲𝘀 📈📊 CFOs strive to strike a balance between minimizing tax liabilities and supporting the company's broader business objectives. This can be challenging as tax planning involves making choices that align with the organization's growth plans while leveraging available tax benefits. The ability to find the sweet spot between tax efficiency and business goals is vital for long-term success. 🌟💪 📌 𝟯: 𝗖𝗿𝗼𝘀𝘀-𝗯𝗼𝗿𝗱𝗲𝗿 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 🌍🌐 Companies expanding internationally face additional complexities in tax planning and compliance. CFOs must navigate the intricacies of global tax systems, manage transfer pricing, understand tax treaties, and comply with foreign tax regulations. Operating across borders requires thorough knowledge of international tax laws to ensure compliance while optimizing tax outcomes. 🌐🤝 📌 𝟰: 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗮𝗻𝗱 𝗗𝗮𝘁𝗮 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 🔍💻 Tax planning and compliance involve managing vast amounts of financial data. As CFOs, we must ensure the accuracy and integrity of this data, which can be a time-consuming and resource-intensive task. Implementing robust systems and leveraging technology solutions can greatly streamline data management, making tax compliance more efficient and effective. 💡💻 Navigating the complexities of tax planning and compliance requires a combination of sharp financial acumen, continuous learning, and collaboration with tax professionals. By understanding and addressing these challenges head-on, we can ensure our organizations remain compliant, minimize tax risks, and drive financial success. Together, let's conquer the tax compliance arena! 💪🌍 #CFOChallenges #TaxPlanning #ComplianceMatters #FractionalCFO #CFOInsights #TaxCompliance
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