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Tax Filing in the Global Tax Community Terry Lutes: Alluvion/The M Group 20/07/2015 13th XBRL International Conference 1 Introduction • Support for XBRL among tax administrations is growing • Once tax administrations understand XBRL, the selling is easy • How to get to the goal is the issue most tax administrations are facing 20/07/2015 13th XBRL International Conference 2 Countries With Major Initiatives • • • • • • The Netherlands United Kingdom Canada Japan Australia New Zealand Most of these will be discussed in depth during the day or elsewhere during the conference. 20/07/2015 13th XBRL International Conference 3 The OECD • Originally sponsored establishment of the OASIS effort • Almost immediately got behind the Committee’s recommendation of XBRL FR for tax reporting by businesses • Encouraged completion of latest version of XBRL GL • At September meeting of Taxpayer Services Subgroup, unanimous endorsement of XBRL FR and GL as strategies for future of tax administration by the 29 countries present • E-Audit Committee (formerly SAF Committee) has also supported XBRL GL as meeting the compliance needs of tax administrations 20/07/2015 13th XBRL International Conference 4 Other Countries • Other bodies such as CIAT (inter-American tax administrators) have expressed conceptual support • World Bank/IMF/USAID/USTDA are showing interest related to tax administration related projects they support in Third World countries • Individual interest by other countries on their own 20/07/2015 13th XBRL International Conference 5 Across The Board Issues • Strategy to get there is an issue for most • • • • • Timeline Cost Software industry support Taxpayer reaction Political support • Tax administration specific vs. whole of government approach 20/07/2015 13th XBRL International Conference 6 What Non-Tax Administrators Can Do • Continue to spread the word • Sharper focus on the business case for tax administrations—particularly for administrators that may not fully understand the technical intricacies • Vendors need to commit to what they mean when they say “we will support XBRL” to provide product certainty • Assistance resources need to be available to assist—not all countries can participate in broader XBRL development efforts, thus building expertise 20/07/2015 13th XBRL International Conference 7 Role of Alluvion/The M Group • We actively support XBRL in our business development efforts • • • • • • U.S. federal agencies World Bank IMF USAID USTDA Corporate tax departments • We work with our partners and clients to help them understand the benefits of XBRL • We are building consultant cadre to work with government agencies and corporate tax department on XBRL strategies and implementations 20/07/2015 13th XBRL International Conference 8 Thank You Terry Lutes Vice President, Government Consulting Alluvion, Inc. and The M Group www.alluvion.biz (Office) +1 (703) 744-1075 (Mobile) +1 (703) 597-6471 [email protected] 20/07/2015 13th XBRL International Conference 9