BASC

1
BASC

• OASIS Tax XML TC
• Sep 15-16, 2003

2
Participants
3
Contributors

• John Glaubitz
• Leslie-Ann Scott
• Ken Jaslow
• Peter Horsburgh
• Susan Smoter
• Raj Doreiswamy
• George Farkas

• Ken Dark
• Tracy Boyd-Brown
• Bob Zarzar
• Harmjan van Burg
• Bruce Handel
• Paul Madden

4
Deliverables

• Vocabulary/Dictionary - Immediate
• Process models - TBD
• TASC Specification - TBD

5
Tax Information Pyramid
Long Term Goals
Commonly defined from trusted data sources
Tax specific common terms
Short term Goals
Jurisdiction specific terms
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Corporate Income Tax
Business Records
XML, EDI ?
XBRL?
GAAP (from trusted sources)
Tax common terms map
Tax XML
Jurisdiction specific terms
Local XML
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Goals

• Long Term
• Access to Business records used for Data mining
• Build Business Intelligence by Industry, sector
  for risk assessment
• Short term
• Identify Common terms
• Identify Jurisdiction specific terms

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Goal - Vocabulary

• To build a repository of terms and definitions
  used in tax administration
• To map what terms are common and terms that are
  jurisdiction specific

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Action/Owner/Date

• Create spreadsheet in prescribed format
  John/Alex Sept 19, 2003
• Update terms each country 4 weeks
• Status check teleconference in one month
• Publish to internal site date TBD
• Meet to assess spreadsheets TBD
• Task force to extract common terms accountants
  - TBD

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Notes

• 19/20 Jan in US
• 26/27 Jan in Europe

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Focus is

• Corporate Income Tax
• Sources
• Tax Authorities
• MSFT has 70 jurisdictions mapped currently
• Standard Audit File
• XBRL Accounting information

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Indirect Tax
Business Transactions
XML, EDI, XBRL-GL
Commonly defined from trusted sources
Tax specific common terms
Tax XML
Jurisdiction specific terms
Local XML