Transcript BASC - OASIS

BASC
OASIS Tax XML TC
Sep 15-16, 2003
Participants
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
Deliverables
Vocabulary/Dictionary - Immediate
Process models - TBD
TASC Specification - TBD
Tax Information Pyramid
Long Term
Goals
Short term
Goals
Commonly defined
from trusted data sources
Tax specific
common terms
Jurisdiction specific
terms
Corporate Income Tax
XML, EDI ?
Business Records
XBRL?
GAAP (from trusted sources)
Tax XML
Local XML
Tax common terms map
Jurisdiction specific
terms
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
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
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
Notes
19/20 – Jan – in US
26/27 – Jan – in Europe
Focus is
Corporate Income Tax
Sources:
Tax Authorities
MSFT has 70 jurisdictions mapped
currently
Standard Audit File
XBRL – Accounting information
Indirect Tax
Business Transactions
XML, EDI, XBRL-GL
Tax XML
Local XML
Commonly defined
from trusted sources
Tax specific
common terms
Jurisdiction specific
terms