Many companies look for ways to improve processes, manage costs, increase functionality and customer satisfaction, eliminate redundancies and extract additional value.
One approach that is growing in popularity is the migration to a shared service center model. As varied as the drivers for and uses of such a model may be, there is one common denominator that is too often missing from the strategic or planning elements of the shared service discussion — indirect tax.
And although these tax considerations may not be among the issues that drive a shared service decision, tax can certainly give rise to some significant and costly challenges.
That is particularly true of value added tax.
Richard H. Cornelisse