Does the Longview Tax Provisioning solution handle global provisioning and tax planning for all countries?

a. Yes, Longview Tax automates the calculation of a company's global income tax provision including all countries, states, provinces and local municipalities. The solution can calculate a provision for every tax return a company files around the globe, by legal entity, by jurisdiction.

b. The same rules used to calculate the above provisions can be used for tax planning. For example, users can simply shift income to different legal entities to see what the impact is on the consolidated effective tax rate.

What makes Longview Tax different from other tax solutions on the market?

1. Best of breed Data Management - the number one pain point for large global tax departments is gaining access to accurate and timely financial data on which to calculate tax provisions. Longview Tax is proven at sourcing and consolidating data from hundreds of feeder systems, ledgers, ERP's by legal entity, by account. With Longview Tax, you are assured that the same data used for corporate consolidation is driving your income tax provisions. You can now stop reconiling and manipulating data and focus on analyzing the provision calculations and reports.

2. Architected for distributed, collaborative tax provision process - today's regulatory environment requires accountability for data and provision calculations. Longview Tax is the only solution on the market that offers a web-based provisioning capability that can limit user access by entity, by accounts. This means that a site controller in Singapore can pull up his entity's provision templates, see those items which are automatically populated (pretax income, certain permanent and temporary differences, deferred tax detail rollforwards, etc.), input any additional items (on an exception basis) and calculate his current and deferred tax provisions and deferred taxes, NOL and credit carryforwards, etc. by legal entity, by currency in local statutory GAAP and reporting GAAP.

3. Handles FAS 109, CICA 3465, IAS 12 - Longview Tax is the only tax provisioning solution on the market that can report a company's income tax provisions and related disclosures in accordance with US, Canadian or International GAAP simultaneously.

4. Robust Standard and Ad-Hoc Reporting - Longview Tax offers a standard package of reports for all of the detailed calculations and numbers that support a company's required income tax disclosures.

What types of companies are best suited for Longview Tax?

Large, complex organizations. Typically global businesses with numerous legal entities and doing business in multiple countries, states and provinces in different currencies. Tax departments that do provisions either on a distributed or centralized basis.

Who are some of the customers using Longview Tax?

Trustmark Insurance, Turner Broadcasting, Solectron Corporation, Eaton Corporation, Intertape Polymer Group and more.

Can Longview Tax be directly integrated with any consolidation system?

Yes, Longview Tax is agnostic to the underlying source systems and is best of breed at importing data from ERP's such as Oracle, SAP, Peoplesoft, JD Edwards, etc.

Can Longview Tax automate a company's income tax footnote?

Absolutely. In fact, as soon as corporate accounting closes the books on a pretax basis, the Longview Tax solution calculates all required provisions and deferred taxes, an effective tax rate reconciliation and a draft income tax footnote within minutes. Tax executives can now analyze instead of reconciling the numbers.

Is Longview Tax SOX compliant?

Yes, the solution also enables compliance with Canadian Multilateral Instrument 52-109 and European Directive 8, the SOX equivalents for those countries.

Can LongviewTax calculate a state income tax provision by legal entity, by state?

Yes, Longview Tax calculates a state income tax provision for every state and city return a company files.

Can Longview Tax handle specific sub-consolidations, say, for UK Group Relief or a Dutch Fiscal Unity or a state unitary return, etc.

Yes, Longview Tax can be set up to calculate tax provisions that mirror the entities included in a tax return for every tax return around the world.