LEADING TAX DEPARTMENTS FORWARD John Diamond, Director Ryan Lynch, Director Tax’s World of Data February 26, 2016

2 © Global Tax Management, Inc. | 2 BIG DATA

Data » Hunting » Gathering » Consuming Approach 3 AGENDA © Global Tax Management, Inc. |

“We cannot solve our problems with the same thinking we used when we created them” - Albert Einstein 4 © Global Tax Management, Inc. |

5 MAKE DATA WORK FOR YOU © Global Tax Management, Inc. | Central repository for files, workpapers, and data Automated tax calendars and tax package collections Combine and standardize data from multiple sources Refine and process raw data into what you need Efficiently work with massive amounts of data without issues Reuse data across the enterprise Gain additional insight from your data Create management reports and dashboards Track key performance indicators (KPIs)

6 TRENDS Increase in transparency » Regulatory Authorities » Internal (C-Suite) Focus on building tax technology strategies Process integration » Knowledge Sharing » Tax in front end decision making Data should be a critical component of any tax technology strategy © Global Tax Management, Inc. |

7 7 TAX CODE, RULINGS, CASES FINANCIAL DATA TRIAL BALANCES CALCULATIONS LOCATION FIXED ASSETS SALES PAYROLL FX RATES PAYMENTS ENTITY INFORMATION HEADCOUNT TAX RATES WORKPAPERS CALENDARS (DUE DATES) SIGNOFFS HISTORICAL FILINGS HUNTING DATA: THE SEARCH (“WHAT”) FEDERAL STATE FOREIGN TYPICAL BOOK/TAX DIFF GAAP IFRS INTERCOMPANY TRANSACTIONS STOCK COMPENSATION OTHER COMPREHENSIVE INCOME TAX METHODS INTANGIBLE ASSETS INDIRECT TAX CONTROLS INFORMATION DATA REQUESTS FILING REQUIREMENTS TRANSFER PRICING TAX SHARING

8 GATHERING DATA: THE COLLECTION (“WHERE”) Sources ACCOUNTING FINANCE HUMAN RESOURCES TREASURY BUSINESS UNIT OPERATIONS LEGAL TAX Unique Requirements: Compliance Provision Planning © Global Tax Management, Inc. |

9 9 “WISE CONSUMPTION IS MUCH MORE COMPLICATED THAN WISE PRODUCTION” – LEO TOLSTOY CURRENT STATE » SILO APPROACH » EXCEL, ACCESS, , PRINT, NETWORK DRIVE » CUSTOM TAX DATA WAREHOUSES CONSUMING DATA: THE USE (“HOW”) Hunting Gathering Consuming Technology Data

10 © Global Tax Management, Inc. | Evolution of Data: Data Should be an Asset CONSUMING DATA: THE USE (“HOW”)

11 CONSUMING DATA: THE USE CONSIDERATIONS Integration » Functional applications » Source systems » Excel Flexibility » Multiple uses and users » Scalability IT Requirements » Initial setup » Maintenance © Global Tax Management, Inc. |

12 TRANSFORMATION “It is not the strongest of species that survive, nor the most intelligent, but the one most adaptable to change.” - Charles Darwin Beyond automation: garbage in, garbage out Optimizing people, process, and technology to increase efficiency Focus on big picture (“Holistic Approach”) Consistent with tax technology strategy FUTURE STATE © Global Tax Management, Inc. |

13 FUTURE STATE © Global Tax Management, Inc. | Gathering Hunting Consuming Technology Data

14 © Global Tax Management, Inc. | 14 DATA MANAGEMENT Automated manipulation » Cleaning, processing, analyzing » Outputs and reports Flexible » Multi-purpose » Configurable, not custom » Integration Source systems Excel FUTURE STATE: A HYBRID APPROACH COLLABORATION Documents » File Management » Versioning Content » Calendars » Organizational Lists Workflows » Collection » Signoffs Tasks

15 CURRENT STATE  FUTURE STATE: GETTING THERE… © Global Tax Management, Inc. |

CURRENT STATE VS. FUTURE STATE CURRENT STATE ► File structure on shared network drive ► Multiple versions of files ► ing of files ► Same source data pulled multiple times, in different formats, for separate uses ► Paper copies of everything ► Signoff processes tracked manually or in Excel ► Tax Calendar tracked in Excel and manual s ► Data collection managed through ► Manual process repetition FUTURE STATE ► Online platform for files, supplemented by metadata ► In place version control ► ing links to files ► Source data pulled once, and transformed as needed, through rules, for separate uses ► Maximize use of digital copies ► Signoff processes automated through workflow platform ► Tax calendar setup once, and then fully automated ► Data collection centralized and automated on online platform ► Automated rules based approach © Global Tax Management, Inc. |

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