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Wolters Kluwer extends Global Minimum Tax expert solution to North AmericaWolters Kluwer, a global leader in professional information, software solutions and services, today launched its CCH® Tagetik Global Minimum Tax expert solution in North America. The solution will support multinational companies headquartered in North America to collect, align, calculate and report integrated financial and tax data in accordance with Organisation for Economic Co-operation and Development (OECD) Pillar Two tax requirements. Ralf Gärtner, Senior Vice President and General Manager of Corporate Performance & ESG, Wolters Kluwer, said: "There is now a critical need for multinational companies to meet and manage the complex global requirements related to OECD Pillar Two. We are committed to continuous development of innovative and integrated technologies to support the office of the CFO. Our new Global Minimum Tax expert solution enables CFOs and tax leaders to collect, aggregate and analyze fragmented data and supports the end-to-end tax process, providing vital insights for tax strategy planning." The goal of the OECD Pillar Two framework is to create a global minimum tax, with large, multinational enterprises paying, at minimum, an effective tax rate of 15% in every jurisdiction in which they do business. Significant global economies including Canada, the European Union, the United Kingdom and Japan have already announced that they are implementing the OECD Pilar Two requirements. This means multinational companies operating in these jurisdictions will now need to consider and address the resulting impact on their tax strategy and operating model. The CCH Tagetik Global Minimum Tax expert solution was named New Product of the Year in the Business Intelligence Group's annual BIG Awards for Business. Now extended to North America, the solution empowers CFOs and tax leaders in multinational companies to:
Wolters Kluwer CCH Tagetik has significant expertise and experience in supporting clients' corporate tax needs in North America. Its solutions provide thousands of organizations with end-to-end sales and use tax automation, fully integrated direct tax preparation process, workflow automation and tax research. About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2023 annual revenues of €5.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Facebook, YouTube and Instagram.
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