The tax world is becoming more transparent

Tax transparency has entered a new age globally and more than ever tax functions around the world are required to report with greater levels of transparency around their tax affairs. In addition to this, regulators already have, or are in the process of, rapidly digitising their ways of working in order to effectively make use of this information.

New tools for transparency

Just as the regulators are becoming more efficient and effective in their collection and use of tax information, it is clear from the new tax landscape that the people, processes and systems within global tax functions are required to modernise in order to keep up with ever changing regulatory requirements and the associated risks.

Voluntary Tax Transparency Code made easy

The ATO administered Voluntary Tax Transparency Code (TTC) aims to provide a greater level of public disclosure over the tax affairs of large and medium size businesses and in particular, large multinationals. The TTC has been designed with the information requirements of its target audience in mind, such as social justice groups, media, analysts, shareholders and the average citizen. It is intended to enhance transparency, promote good governance and build trust between businesses, investors and the general public.
Tax transparency with tenacity

CCH Integrator’s Tax Transparency solution untangles tax professionals from the toil of collecting and reconciling a business’s effective tax rate (ETR), taxes paid and related party transactions. Take advantage of a comprehensive tax database and audit trail, automate compliance reporting and enhance oversight as well as governance over the end-to-end tax function.


The solution brings to light the key drivers impacting the effective tax rate and delivers information required for a variety of purposes including recoupment of prior year losses and assists in accounting for any foreign exchange fluctuations. In short, it’s the tool that evolves with the changing tax climate.

  • ETR reconciliation
  • Related Party Dealings
  • Government payments
  • Community Contribution

Justified trust: Tax transparency in Australia

To achieve Justified Trust, the ATO expects boards to oversee the implementation and continued operation of an entity’s tax governance framework. Managing day-to-day controls and processes to ensure compliance with tax obligations is the responsibility of management.

Boards and senior management of ASX Top 100 through to Top 1,000 organisations should be familiar with their obligations under the ATO’s Justified Trust initiative. Furthermore, they should be seeking to proactively prepare (‘self-assess’) their Justified Trust position in a structured and efficient manner and assess the tax management and governance of their organisation against ‘best practice’.

Using CCH Integrator gives you a leg-up over others using manual spreadsheets who are reporting off multiple data sources with minimal controls. CCH Integrator has the key capabilities for your organisation to be at the forefront of best practice when it comes to your tax control framework.

CCH Integrator – more than meets the eye

CCH Integrator acts as a single source of truth to manage and monitor the tax controls of your tax governance and control framework. It can also:

  • Facilitate an enterprise-wide self-assessment on the tax maturity of your organisation – by collaborating with tax, finance, internal audit, risk/governance and technology teams under one single platform.
  • Assist in identifying gaps and support remediation plans.
  • Enable upstream compliance and stakeholder reporting.
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