Tax
Tax reform: five workstreams to prepare your company
Tax reform calls for an assessment connecting contracts, operations, credits, systems and cash flow. Explore five initial preparation workstreams.
The transition to the new tax system requires more than tracking legislative change. It calls for a structured assessment of impacts on operations and decisions already underway.
1. Map operations and pricing
Start by identifying how current operations create tax exposure and how changes to credits, rates or destination rules may affect margins and pricing.
2. Review relevant agreements
Purchase, sale, supply and partnership agreements deserve review to allocate responsibilities, update pricing clauses and address transition effects.
3. Assess supply chain and credits
The tax quality of the supply chain may affect credit recovery. Early mapping helps prioritize risks and opportunities.
4. Prepare systems and routines
Internal processes, records and controls must keep pace with change. Integration among tax, finance, commercial and technology teams is essential.
5. Establish implementation governance
A roadmap with owners, milestones and regulatory monitoring turns adaptation into a management agenda.
This content is informational and does not replace individual legal advice.