On top of tax compliance anywhere in the world
With 12,000 employees and offices in more than 50 countries around the globe, risk is an inherent part of doing business in FLSmidth. Global tax compliance is a risk area that has become far more complex as authorities around the world are changing filing practices and requiring real-time tax data information to accelerate payments. Given these global trends towards a more analytical and digital approach to tax information, FLSmidth decided to team up with Deloitte.
We have established an engagement management office in Denmark to provide FLSmidth with a single point of contact for everything related to global tax management, including statutory accounting and corporate tax provision for the annual reports. From our office in Denmark, we facilitate and engage Deloitte tax experts around the world, ensuring that FLSmidth is always abreast of new legislation and development locally. This approach makes us available to FLSmidth at all hours no matter where.
“I am very excited about the tax compliance journey FLSmidth and Deloitte has embarked on, and I am expecting great benefit for FLSmidth from it. The transparency we gain will enable us always to be on top of all our compliance obligations in a timely manner around the world, and to optimize our internal processes. I trust that we will achieve much better quality in our tax returns, and save cost at the same time.”
FLSmidth is a leading global supplier of equipment and services to the cement and minerals industries. They supply everything from single machinery to complete cement plants and minerals processing facilities. FLSmidth operates across more than 50 countries and employs 12,000 people around the world.