Accelerate International Compliance in a Single System
Changes bring challenges—and also opportunities. Now is the time to take charge of reporting on global business activities with the solution described as “the topnotch software on the market for complicated international tax matters”—CSC Corptax® International Compliance.
Streamline your process with easy access to data across borders and the ability to cover all U.S. requirements with flexible, scalable reporting. Ensure accuracy and reduce workloads on staff with time-saving calculations built into the software:
- Foreign Earnings & Profits adjustments
- Look-through computations
- Subpart F Income
- Historical E&P
- Income sourcing and expense apportionment
- Foreign Tax Credit (FTC) limitation
- Branch remittance
Corptax also lets you analyze detailed or summary results in seconds and populate forms automatically.
First to market with tax reform tools for computing, analyzing, planning, and reporting, Corptax helps clients make tax reform happen resulting in feedback like this: “Having data organized for our international filing and BEPS reporting gives us a solid base to model the impacts of tax reform.”
By leveraging existing amounts, calculations, and entity setups, Corptax users confidently compute GILTI, FDII, BEAT, and 965; model and save countless scenarios to quickly compare options; and forecast year-end provision. When international compliance data changes, federal forms update instantly.
With little manual effort, empower your team to:
- Test GILTI income for all U.S. shareholders
- Source income for new baskets—even with just one CFC
- Identify attributes to determine deduction-eligible income
- Track 951A inclusions for historical E&P
- Segregate expenses paid within the U.S. vs. to foreign-related parties
- Eliminate reconciliation between disparate systems
Using the same database, collect, store, validate, and analyze data for BEPS reporting—Including amounts, entity information, and structures. Easily access the data you need at both a consolidated level and a detailed, transactional level for modeling, assessing risk, and populating forms.
Organizing data in Corptax for BEPS reporting lets us do a lot of tax reform modeling and realize significant time savings.
Corptax International is a database-driven solution with historical data that provides consistent results. No need to store multiple file versions in Excel and on network share drives.