Compass: Initiative Hub
Divisional Initiative: Reduce Income Tax Burden
Assumptions:
Division is paying more than necessary in corporate taxes.
Goals Summary:
Reduce Divisional tax burden through consolidation and streamlining of tax systems, leveraging changes in tax law.
Measurable Goals:
Reduce Divisional tax burden by $40MM
Prioritized Soft Goals:
Consolidated Accounting
Streamlined Tax Systems
Increased Compliance
Increased Consistency
Target Spend:
$20MM
Duration:
3 Years
Benefit Start:
6/2007
Costing:
| Period | Out (MM) | In (MM) | ||
|---|---|---|---|---|
| Period | est | act | est | act |
| 1 | 50 | 48 | 0 | 0 |
| 2 | 75 | - | 0 | - |
| 3 | 150 | - | 0 | - |
| 4 | 75 | - | 0 | - |
| 5 | 85 | - | 0 | - |
| 6 | 25 | - | 0 | - |
Stakeholders:
Corporate CEO
Corporate CFO
Divisional CEO
Divisional CFO
Sponsor:
Other Information:
Internal labor charge is $0
Status Rollup
Programs Linked To This Initiative
Reduce European Divisional Income Tax
Reduce Asian Corporate Income Tax
Consolidate Asian Tax Accounting