Guidance designated related party basis adjustment transactions
The Treasury Department and the IRS issued final regulations addressing Related-Party Basis Adjustment Disclosure obligations on January 14, 2025.
Tax functions are being pushed to the limit and operations tested. Resource constraints, cost pressures, heightened complexity, increased reporting demands and more are contributing to the strain. Now more than ever, Tax needs to be positioned to help enhance business strategy, proactively address change, provide trust and transparency, and deliver sustained outcomes. Tax can also help the business anticipate change and prevent tax consequences that may be costly, both financially and reputationally.
Are you ready? Tax functions need to think and work differently to gain speed and efficiency while continuing to add strategic value. Next-level capabilities are constantly evolving and adoption is no longer optional in order to meet the multitude of demands and business goals.
Solutions tailored to your needs
Our Tax Reporting and Strategy practice helps Tax functions navigate change and solve complex problems with tailored solutions that complement their vision and go-forward business needs.
Strategy and operations
A sustainable tax strategy and vision for the future designed to help reduce operational complexity, streamline processes, and optimize the use of technology for your core tax processes. Our comprehensive approach to tax management brings together tax function design, technology and compliance delivery to help you understand and meet these challenges head-on. This can lead to improved efficiency, enhanced quality and controls, lower cost, and increased capacity for business partnering and collaboration.
How we can help:
- Tax operating model strategy
- Tax function operational effectiveness
- Transformation
- Data and technology strategy
- Governance and risk management
- Fit for growth solutions
- Legal business solutions
- And more
Automation and technology
We meet you where you are to help deliver a digital strategy along with dynamic, tech-enabled solutions including Generative AI leveraging our Cloud for Tax solution to enhance automation, data standardization and aggregation, analytics capabilities, drive productivity and collaboration. We work with you to help unlock the potential from your ERP systems for tax and improve your processes. As a result, tax is better equipped to meet reporting requirements, respond to change, and deliver strategic value – efficiently and effectively.
How we can help:
- Tax technology and data strategy
- Technology assessment and implementation
- Tax Enterprise Resource Planning (ERP) Services
- Data automation and analytics
- Generative AI (GenAI)
- Robotics process automation (RPA)
- Collaboration and workflow
- And more
Transactions and integration
Our operationally focused services can help your team create value beyond the deal and elevate Tax as a strategic business asset. We offer a wide range of solutions including transaction support and tax function operations (i.e., ‘day one’ readiness), legal entity strategy and simplification, project management, and more.
How we can help:
- Transaction services
- Day one readiness
- Integration support
- Legal entity optimization
- And more
Why PwC?
Business-led outcomes
We work with you to achieve better business outcomes and help deliver sustained value from technology investments. Our team meets you where you are to develop tailored solutions that help you realize greater ROI.
Value delivered
Integrated solutions, at scale
Build a connected tax lifecycle powered by data-driven processes and the latest technologies to help bolster agility, productivity and outcomes.
Data at the ready
Execute with ease across all of tax—from extracting and standardizing data to analyzing and reporting, we plug into your way of working.
Quality standards
Focus on risk and accountability to help raise the bar on quality and deliver results that you can count on, now and in the future.
Trust and transparency
Report taxes transparently, in the face of complex and differing business goals and stakeholder demands, to earn and deliver trust.
Tax policy is at a crossroads for 2025
Learn what business leaders can do now to prepare
Explore further
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Cyprus tax reform project update
An update on the Cyprus tax reform project was given on February 26 at Cyprus’s Presidential Palace.
US response to discriminatory or extraterritorial tax regimes
The US is considering various approaches to respond to foreign countries that are considered to impose discriminatory or extraterritorial taxes against US citizens or corps.
The tech advantage: Building resilience amid tax policy shifts
For tax teams to confidently navigate policy shifts in 2025, a robust tax tech strategy is vital. Focus on these three areas for strategic advantage.
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