ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONSALIGN AND STREAMLINE YOUR TAX PLANNING WORKFLOW FOR CROSS-BORDER TRANSACTIONS ACROSS MULTINATIONAL ENTITIES

REUTERS/Jo Yong-Hak

2 ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS

ALIGN YOUR GLOBAL TAX UNIVERSE

The universe of global tax is intricate and constantly shifting. Staying on top of these shifting changes around the globe is a challenge, but is absolutely critical to the management and compliance of your organization.

Orbitax Essential International Tax Solutions on Checkpoint World is the comprehensive dashboard that aligns your tax planning needs across all of your global businesses. With its extensive and powerful research and analysis tools, you’ll be able to complete your global tax requirements efficiently and develop business strategies that align with ever-changing and complicated compliance regulations.

ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 3

Checkpoint World and Orbitax are designed to work in alignment with each other to deliver a complete end-to-end solution for all your global tax research needs.

Our Orbitax solutions will help you streamline your global cross-border tax efforts and your research workflow by minimizing cost inefficiencies, maximizing time efficiencies, and mitigating risk.

4 ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS

Easily navigate through the business environment and tax rules of their various entities with our comprehensive tax research, integrated with extensive planning tools that allow you to model various tax scenarios to determine the optimal tax planning strategies for your transactions and entities.

RESEARCH & PLANNING

Country Analysis — provides summaries of key tax legislation and tax rates

Withholding Tax Minimizer — provides an analysis of all possible transaction combinations and displays the top 20 lowest withholding tax routes

Tax Treaties — Repository of worldwide tax treaties translated into English

ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 5

RESEARCh DAShBOARD

• Country Analysis — provides summaries of key tax legislation and tax rates, including:

– Country Snapshots showing summaries of key international tax legislation including tax attribute carry-forwards

– Country Tax Guides - Key tax rules for multinational companies doing business outside their home country, including forms of doing business, corporate and withholding tax rules for resident and non-resident businesses, anti avoidance rules, and indirect tax rules. There are also tools to compare rules across countries and create reports in Excel and PDF.

– Listing of all global tax administration sites for each country to enable direct access to underlying data sources directly from the source

• Rates — Compare tax rates across various entities, including corporate tax rates, surtaxes, and effective tax rates listing corporate tax rates for the current year, the past five years, and approved changes for future years

• Tax Treaties — Repository of worldwide tax treaties translated into English

• Tax Memos — Automatically generate memos with calculations for tax return due dates, interest and penalties, net operating losses (NOL) carry-forwards, transfer pricing ratios, etc.

• Strategies — Detailed guidance on how to use the software features to implement eight tried and tested international tax strategies and assemble the results in one comprehensive report. The strategies include avoiding a permanent establishment, maximizing tax incentives, maximizing transfer pricing, maximizing interest deductions, minimizing withholding taxes, maximizing exemptions and foreign tax credits and deferral.

• News — provides updated alerts on approved changes in domestic rules, proposed changes in domestic rules, and treaty developments.

PLANNING TOOLS

• Worldwide Tax Calculator — provides a modelling template to calculate worldwide taxes for various tax scenarios such as multiple years, changes in entity structure and impact of cross-border transactions including dividend distributions, interest and royalty payments, and more.

• Transaction Calculator — calculates the total tax cost and benefits of cross-border transactions

• Multiple Payment Optimizer — calculates the total tax cost and benefits of cross-border transactions, with the ability to model constraints

• Withholding Tax Minimizer — provides an analysis of all possible transaction combinations and displays the top 20 lowest withholding tax routes.

AlgeriaArgentinaAustraliaAustriaBahamas BahrainBarbadosBarbados IBCBelarusBelgiumBermudaBoliviaBrazilBritish Virgin IslandsBritish Virgin Isl. IBCBulgariaCameroonCanadaCayman IslandsChileChina (People’s Rep.)ColombiaCosta RicaCroatiaCyprusCzech RepublicDenmarkEcuadorEgyptEl SalvadorEstoniaFinlandFranceGabonGermanyGibraltarGreeceGuatemalaHong KongHungaryIcelandIndiaIndonesiaIranIrelandIsle of Man IsraelItalyIvory Coast Jamaica JapanJerseyKazakhstan KenyaKorea (Rep.) KuwaitLatvia

Lebanon Liechtenstein Lithuania LuxembourgLux Hold C Malawi MalaysiaMaliMaltaMauritiusMexicoMonacoMorocco Netherlands Neth. Antilles New Zealand Nicaragua NigeriaNorwayOmanPakistanPanama ParaguayPeruPhilippines PolandPortugalPuerto Rico QatarRomania Russia Saudi ArabiaSenegal Singapore Slovak RepublicSloveniaSouth AfricaSpainSri Lanka SwedenSwiss Dom C Switzerland TaiwanThailandTogoTrinidad & TobagoTunisiaTurkeyUkraineUnited Arab RepublicUnited Kingdom United States Uruguay Venezuela Vietnam Zimbabwe

RESEARCh & PLANNING

RESEARCh & PLANNING TOOLS COVER ThESE COUNTRIES:

6 ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS

Compliance analysis and tools help ensure that you are meeting compliance standards and filing deadlines, while allowing team members around the world to collaborate and share information.

COMPLIANCE

Country Analysis: Anti-Avoidance Checklists — provides data on general domestic anti-avoidance laws, LOB clauses, transfer pricing, CFC rules and thin capitalization rules.

ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 7

Forms — Key tax forms translated into English for 80+ countries.

COmPLIANCE SOLUTIONS

• Country Analysis: Compliance Checklists — provides a summary of key tax compliance information by country

• Country Analysis: Anti-Avoidance Checklists — provides data on general domestic anti-avoidance laws, LOB clauses, transfer pricing, CFC rules and thin capitalization rules.

• Forms — Key tax forms translated into English for 80+ countries, including corporate tax return forms, treaty benefit claim forms, withholding tax reporting forms etc. The functionality also provides an unofficial translation of any imported documents or forms in PDF.

• Interest & Penalty Calculator — calculates and manages risks associated with late or insufficient compliance.

• Collaboration — provides an archive for key documents associated with specific entities and transactions within user-defined folders, including a Tax Compliance calendar that enables the tracking of deadlines for filing of forms and sending of task reminders to various members of the team.

ArgentinaAustraliaAustriaAzerbaijanBahamas BarbadosBelgiumBermudaBrazilBritish Virgin IslandsBulgariaCanadaCayman IslandsChileChina (People’s Rep.)ColombiaCroatiaCyprusCzech RepublicDenmarkEgyptEstoniaFinlandFranceGermanyGibraltarGreeceHong KongHungaryIndiaIndonesiaIrelandIsle of Man IsraelItalyJamaica JapanJerseyKazakhstan Kenya

Korea (Rep.) KuwaitLatviaLithuania LuxembourgMalawi MalaysiaMaltaMauritiusMexicoNetherlands New Zealand NigeriaNorwayPakistanPhilippines PolandPortugalPuerto Rico QatarRomania Russia Singapore Slovak RepublicSloveniaSouth AfricaSpainSri LankaSwedenSwitzerland TaiwanThailandTrinidad & TobagoTurkeyUnited Arab EmiratesUnited Kingdom United States Venezuela Vietnam Zimbabwe

COmPLIANCE

COmPLIANCE TOOLS COVER ThESE COUNTRIES:

8 ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS

Entity Charting functionalities enable you to organise entity and transaction data into a visually representative format.

CHARTING

Entity Designer and Entity Data – create and maintain global entity structure

Transactions — input and display past, current, and future transactions

ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 9

CHARTINGChARTING SOLUTIONS

• Entity Designer and Entity Data — create and maintain global entity structure and entity attributes, and display them in graphic and tabular format.

• Entity Chart Playbook — customized PDF report with detailed charts of global entity structure, spreadsheets with selected entity and transaction data, document attachments, table-of-contents and index.

• Transactions — input and display past, current, and future transactions

• Organiser — enables the tracking and assignment of tasks

• Corporate Tax and Withholding Tax — enables the tracking of corporate and withholding tax information across entities loaded into Entity Data.

• Workbooks — enable users to upload excel files with entity data and map it into the entity chart import template. The template can then be used to create a graphical representation of the legal entity chart. In order to update the entity chart, upload the updated source excel files.

ChARTING

10 ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS

ChECKPOINT WORLD

Checkpoint World offers customized modules of Orbitax, so you can select the solution that best aligns with your needs.

Intl Tax Research & Planning Solution

Intl Tax Compliance Solution

Intl Tax Entity Chart - Up to 100 Entities

Intl Tax Entity Chart - Up to 200 Entities

Intl Tax Entity Chart - Up to 300 Entities

Intl Tax Entity Chart - Up to 400 Entities

Intl Tax Entity Chart - 400+ Entities

Essential Intl Tax Solutions - Up to 100 Entities

Essential Intl Tax Solutions - Up to 200 Entities

Essential Intl Tax Solutions - Up to 300 Entities

Essential Intl Tax Solutions - Up to 400 Entities

Essential Intl Tax Solutions - 400+ Entities

Intl Tax for Small & medium Corporations

Intl Tax for Small & medium Advisory Firms

Tax management Expert (TmE)

International Compliance Expert (ICE)

material Codes (TA61) - EmEA 41386544 41386545 41386546 41386547 41386548 41386549 41386550 41386641 41386643 41386644 41386645 41386646 41386647 41386648 30573736 30573772material Codes (TA78) - AsiaPac, LatAm, and US 41386649 41386545 41386651 41386652 41386653 41386654 41386655 41386656 41386657 41386658 41386659 41386660 41386661 41386662 30573752 30573773RESEARCH & PLANNING SOLUTIONS

Country Analysis - Country Snapshots • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Country Analysis - Country Tax Guides • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Country Analysis - Links to Tax Administration sites • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Global Tax Rates • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Tax Treaties • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Tax memos • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

International Tax Strategies • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

News • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Worldwide Tax Calculator • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Transaction Calculator • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

multiple Payment Optimizer • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Withholding Tax minimizer • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

COMPLIANCE SOLUTIONS

Compliance Checklists • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Anti-Avoidance Checklists • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Key Tax Forms translated into English • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Interest & Penalty Calculator • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Collaboration Tools - Task Organiser, Document Repositories & Tax Compliance Calendar

• ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

CHARTING SOLUTIONS

Entity Designer and Entity Data • ✓ Tree View • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ Tree View

Entity Chart Playbook • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Transactions module • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Workbooks • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 11

Intl Tax Research & Planning Solution

Intl Tax Compliance Solution

Intl Tax Entity Chart - Up to 100 Entities

Intl Tax Entity Chart - Up to 200 Entities

Intl Tax Entity Chart - Up to 300 Entities

Intl Tax Entity Chart - Up to 400 Entities

Intl Tax Entity Chart - 400+ Entities

Essential Intl Tax Solutions - Up to 100 Entities

Essential Intl Tax Solutions - Up to 200 Entities

Essential Intl Tax Solutions - Up to 300 Entities

Essential Intl Tax Solutions - Up to 400 Entities

Essential Intl Tax Solutions - 400+ Entities

Intl Tax for Small & medium Corporations

Intl Tax for Small & medium Advisory Firms

Tax management Expert (TmE)

International Compliance Expert (ICE)

material Codes (TA61) - EmEA 41386544 41386545 41386546 41386547 41386548 41386549 41386550 41386641 41386643 41386644 41386645 41386646 41386647 41386648 30573736 30573772material Codes (TA78) - AsiaPac, LatAm, and US 41386649 41386545 41386651 41386652 41386653 41386654 41386655 41386656 41386657 41386658 41386659 41386660 41386661 41386662 30573752 30573773RESEARCH & PLANNING SOLUTIONS

Country Analysis - Country Snapshots • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Country Analysis - Country Tax Guides • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Country Analysis - Links to Tax Administration sites • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Global Tax Rates • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Tax Treaties • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Tax memos • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

International Tax Strategies • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

News • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Worldwide Tax Calculator • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Transaction Calculator • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

multiple Payment Optimizer • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Withholding Tax minimizer • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

COMPLIANCE SOLUTIONS

Compliance Checklists • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Anti-Avoidance Checklists • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Key Tax Forms translated into English • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Interest & Penalty Calculator • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Collaboration Tools - Task Organiser, Document Repositories & Tax Compliance Calendar

• ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

CHARTING SOLUTIONS

Entity Designer and Entity Data • ✓ Tree View • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ Tree View

Entity Chart Playbook • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Transactions module • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

Workbooks • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

NOTE: Orbitax Tax management Expert (TmE) and International Compliance Expert (ICE) referenced in the chart are legacy products and are no longer sold as of 2013.

About Thomson ReutersThomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. For more information, go to thomsonreuters.com.

The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. headquartered in New York, Tax & Accounting has major operations in Dallas, Ann Arbor (michigan), London, Sydney, and Toronto, and offices in ten countries.

About OrbitaxOrbitax provides a range of international tax decision support, data management and analysis tools, seamlessly linked to the underlying tax laws and regulations of 120 countries. Our solution based offerings allow tax professionals to dramatically reduce the time spent on research, compliance, entity data management and modelling the worldwide tax impact of cross border transaction and entity chart changes with a view to optimizing cash flows tied up in taxation.

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