Introduction to ( Insert Company Name’s) Corporate Tax Department An Overview of Issues & Activities Insert Company Logo Date

Tax Department Goals & Objectives Insert Department Mission Statement / Goals & Objectives Source: Standard Chartered.; Tax Director Roundtable research. Our Tax team mission statement on is focused on serving as a business partner to the business units and delivering maximum value to the organization while effectively managing tax risks

Tax Department Organizational Overview Source: Tax Director Roundtable research Our tax department is optimized to functional specialties: We outsource the following activities: –Tax Advisory Services are provided by the following law firms: –The External Auditors provide guidance on the following activities: We believe that it is imperative to maintain the following activities in-house: The following activities are conducted largely by regional controllers offices: –Provisioning for Taxes – data is received from overseas jurisdictions Insert Any Other Relevant Information here VP Tax Planning DomesticInternational Compliance State & Local FederalInternational Controversy Insert Details of Tax Department’s Organizational Structure Tax consists of a variety of complex responsibilities and requires interactions with an array important internal and external partners and vendors

ETR Benchmarking & Analysis Request a customized ETR Benchmarking & Analysis Report from the Roundtable from your Account Manager Drivers of ETR VolatilityCorporate Impact Industry Size Foreign Operations Funding and Asset Mix R&D Profitability and NOLs Ownership Structure, Compensation Policies, Corporate Culture Tax Accounting: Deferred tax expenses/benefits; Permanent Differences; Tax Refunds/Losses, etc. Insert Corporate Drivers of ETR Source: Tax Director Roundtable research When benchmarking Effective Tax Rate it is important to understand the controllable and uncontrollable drivers of ETR unique to each organization

Tax Risk Policy The company’s historical view on tax planning has been: –Risk averse, risk neutral, risk seeking The company’s posture vis a vis revenue authorities has been: –Risk averse, risk neutral, risk seeking Insert Risk Framework and/or Risk Policy Source: Tax Director Roundtable research In order to minimize surprises, it is critical that the Board and Senior Management are all agreed upon the companies approach to risk

Major “Wins” for Tax Team ActionBenefit to Company Tax Staff Involved Supported Acquisition of Company X Generated Cash Tax Savings of X Successfully completed SOX Controls analysis Estimate integration of tax dept. will save $ Lars, Vijay Saved $xxx on recent IRS audit $ Cash Tax Savings Anticipated % Reduction in ETR Released $ Tax Reserves Henri, Collette Reduced Legal Entities by 10% (12 Entities) Reduce Risk Reduce Workload Save annual maintenance expenses (est. between $5,000 and $25,000 each annually) Mary Implemented Tax Provision Software Improved Controls Increased Speed and Accuracy of provision calculation Jennifer, John Completed Bilateral APA between U.S. and U.K Increased CertaintyJuan Insert Tax Department’s Recent Achievements* Source: Tax Director Roundtable research Over the past 12 months the Tax staff have been working hard and have saved the company an estimated $xx as well as executing against a number of additional goals

Tax Services and Technology Overview Insert details on Service and Technology Providers Source: Tax Director Roundtable research One of the biggest challenges for the Tax department is gathering data in a tax ready format for the department to analyze; investments in technology have helped us manage this previously manual process

Corporate Legal Entity Structure Headquarters North America Business Unit A Legal Entity 1 Legal Entity 2 Business Unit B Continental Europe Business Unit C Legal Entity 3 Legal Entity 4 Business Unit D South America Holding Company # of active legal entities # of inactive legal entities Insert Legal Entity Structure Source: Tax Director Roundtable research Legal entities have a tendency to proliferate and it is important from a cost and controls perspective to keep the legal entity structure at an efficient and manageable level.

Effective Tax Rate Analysis Location or Business Unit Statutory Rate Actual Rate Comments Consolidated Corporate Rate U.S. Federal California U.K. Insert comments regarding rate sensitivity Insert comments regarding rate forecasting Insert ETR Analysis Source: Tax Director Roundtable research Certain parts of the business are more tax efficient than other. The greatest reduction in the effective tax rate can come from xxxx

Business Unit Relationships- Communication Strategy Biggest Opportunities for Business Units: ─Insert details of most promising opportunities to work with/ realign/ restructure business units Customer satisfaction survey results: ─Insert details (may want to include additional details in appendix Source: Tax Director Roundtable research Businesses incented on pre-tax or post-tax basis ─Include details on current business unit relationships, projects being worked on etc. Tax department outreach includes: ─Insert Details on Training, Meetings, Memos, Intranet Updates, etc. Insert Details Regarding Relationships with Business Units Communication and support from the business units is critical to Tax being able to source and implement tax planning strategies and meet compliance requirements