Tax Mapp puts global insights in hands of business

By admin - December 6, 2017

A new mobile application providing insights on tax systems worldwide will make it easier for Australian businesses to navigate complex global tax regimes, according to leading advisory and accounting firm Pitcher Partners.

Tax MappTM has been released by Baker Tilly International, of which Pitcher Partners is an independent member.

"Tax MappTM combines the latest tax information, insights and technology in a streamlined way that adds value to our clients", says Chris Danes, Tax Director at Baker Tilly International. "It gives users access to global content in relation to key taxes, in a modern and user-friendly way."

The app allows immediate access to tax insights, as well as details of the tax codes of 150 countries.

Pitcher Partners National Chairman John Brazzale said Tax MappTM captured the critical information Australian businesses were seeking when making choices and comparing options.

“Business is never done in a static environment. When you start to trade and invest across multiple jurisdictions, there are many more moving parts that need to be managed and that is often the greatest challenge,” he said.

“What Tax MappTM does is a microcosm of how we seek to assist our clients. It brings our collective knowledge together so we can offer up-to-date information that helps businesses take the next step.”

Austrade estimates a third of Australia’s top 2000 companies have direct investments overseas, and the number of businesses who export continues to rise.

Mr Brazzale said that for businesses considering international opportunities, it was crucial to be able to navigate the different tax regimes.

“Tax is one of the major costs that affects the bottom line of a business,” Mr Brazzale said.

“Everyone wants to structure things efficiently but it’s not only about how much tax you pay.

“It is also about understanding the local differences and nuances in how each jurisdiction deals with tax and also about what incentives they may have to attract foreign capital.”

Tax MappTM can be downloaded from the Apple Store or Google Play.

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