In today’s complex global regulatory environment, tax is no longer a standalone function. At CRMT, in partnership with CCH Tagetik, we help organizations transform tax management into a strategic advantage. By integrating the three pillars of the modern tax lifecycle into a unified ecosystem, we ensure that tax data becomes a driver of insight rather than a compliance burden.
3 Pillars of Modern Tax Lifecycle
Operational Transfer Pricing
Tax Provision & Reporting
Global Minimum Tax (GMT)
1. Operational Transfer Pricing (OTP)
From Retrospective to Real-Time
Transfer pricing remains one of the most complex hurdles in international taxation. While the Arm’s Length Principle sounds simple in theory, maintaining identical pricing between related entities and independent companies is an immense operational challenge. Tax authorities increasingly target “profit shifting,” making accuracy a global compliance issue.
The Challenge:
Most companies suffer from a “Data Gap”, a disconnect between official tax policy and what is recorded in monthly accounting. Managing these prices within traditional ERP systems is difficult because it requires data at the product or transaction level, not just the legal entity level. This leads to year-end “administrative nightmares,” where massive manual adjustments (true-ups) distort P&L statements and increase the risk of double taxation or heavy audit penalties.
The Solution:
We replace manual spreadsheets with a granular, bottom-up approach. CCH Tagetik embeds transfer pricing logic directly into your financial close and consolidation process. By automatically applying pricing policies across both actuals and forecasts, the platform ensures your margins are always accurate, compliant, and audit-ready throughout the year.
2. Tax Provision & Reporting
Certainty in an Uncertain World
Tax provisioning is more than just “saving on taxes”; it is a vital accounting function that recognizes future liabilities today. For multinational groups operating across multiple jurisdictions with conflicting rules, this creates significant financial uncertainty.
The Challenge:
Finance teams must navigate Uncertain Tax Positions (UTP), reserving funds whenever a tax relief or legal interpretation might be challenged by authorities like FURS or the IRS. Furthermore, the friction between local and group GAAP, combined with varying depreciation rates, creates complex deferred taxes that are difficult to track. Without a direct link between the financial close and the tax provision, organizations face a high risk of material weaknesses and costly financial restatements.
The Solution:
CCH Tagetik bridges the divide between consolidation and group tax reporting. Using a sophisticated “no-code” engine, the platform automates the calculation of effective tax rates (ETR), tax differences, and deferred tax positions. By housing everything in a unified environment, you gain total transparency and a single version of the truth for all stakeholders.
3. Global Minimum Tax (BEPS Pillar Two)
Navigating the New Frontier
The introduction of the Global Minimum Tax marks the biggest shift in international tax in decades. For groups with revenues exceeding €750 million, a 15% minimum effective tax rate is now a global reality.
The Challenge:
Pillar Two introduces an unprecedented administrative burden. It requires granular financial and non-financial data points that traditional systems simply cannot capture. Companies must now calculate their ETR on a jurisdictional basis, navigating a complex web of “top-up taxes” (IIR, UTPR, and QDMTT). With strict enforcement already underway, the pressure to understand the material impact on the bottom line is immediate. Relying on manual processes now is a high-stakes gamble.
The Solution:
CCH Tagetik offers a pre-built expert solution designed specifically for Pillar Two. It streamlines the entire end-to-end process, from automated data collection and top-up tax calculations to “what-if” simulations and OECD-compliant reporting. This allows you not only to comply but also to model the future impact of these regulations on your global operations.
Transform Your Tax Function Today
Don’t let fragmented data and manual adjustments slow your business down. Contact us to discover how our expertise and the CCH Tagetik platform can integrate your tax and finance processes for a more resilient, data-driven future.
Technologies
Wolters Kluwer
CCH® Tagetik by Wolters Kluwer has set a benchmark for excellence, being named a Leader in the 2026 Gartner® Magic Quadrant™ for Financial Close and Consolidation Solutions.
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