Orbitax Essential International Tax Solutions

REUTERS/Jo Yong-Hak ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS ALIGN AND STREAMLINE YOUR TAX PLANNING WORKFLOW FOR CROSS-BORDER TRANSACTIONS ACROSS MULTINATIONAL ENTITIES 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.

2 ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 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.

ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 3 RESEARCH & PLANNING

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.

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

4 ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS RESEARCH & PLANNING

Research Dashboard RESEARCH & PLANNING TOOLS COVER THESE COUNTRIES: • Country Analysis — provides summaries of key tax legislation and tax Algeria Lebanon rates, including: Argentina Liechtenstein –– Country Snapshots showing summaries of key international tax Australia Lithuania legislation including tax attribute carry-forwards Austria Luxembourg –– Country Tax Guides - Key tax rules for multinational companies Bahamas Lux Hold C Bahrain Malawi doing business outside their home country, including forms of Barbados Malaysia doing business, corporate and withholding tax rules for resident Barbados IBC Mali and non-resident businesses, anti avoidance rules, and indirect Belarus Malta tax rules. There are also tools to compare rules across countries Belgium Mauritius and create reports in Excel and PDF. Bermuda Mexico Bolivia Monaco –– Listing of all global tax administration sites for each country to Brazil Morocco enable direct access to underlying data sources directly from British Virgin Islands Netherlands the source British Virgin Isl. IBC Neth. Antilles • Rates — Compare tax rates across various entities, including Bulgaria New Zealand Cameroon Nicaragua corporate tax rates, surtaxes, and effective tax rates listing corporate Canada Nigeria tax rates for the current year, the past five years, and approved Cayman Islands Norway changes for future years Chile Oman China (People’s Rep.) Pakistan • Tax Treaties — Repository of worldwide tax treaties translated Colombia Panama into English Costa Rica Paraguay • Tax Memos — Automatically generate memos with calculations for Croatia Peru tax return due dates, interest and penalties, net operating losses Cyprus Philippines Czech Republic Poland (NOL) carry-forwards, transfer pricing ratios, etc. Denmark Portugal • Strategies — Detailed guidance on how to use the software features Ecuador Puerto Rico to implement eight tried and tested international tax strategies and Egypt Qatar assemble the results in one comprehensive report. The strategies El Salvador Romania Estonia Russia include avoiding a permanent establishment, maximizing tax Finland Saudi Arabia incentives, maximizing transfer pricing, maximizing interest France Senegal deductions, minimizing withholding taxes, maximizing exemptions Gabon Singapore and foreign tax credits and deferral. Germany Slovak Republic Gibraltar Slovenia • News — provides updated alerts on approved changes in domestic Greece South Africa rules, proposed changes in domestic rules, and treaty developments. Guatemala Spain Hong Kong Sri Lanka planning tools Hungary Sweden Iceland Swiss Dom C India Switzerland • Worldwide Tax Calculator — provides a modelling template to Indonesia Taiwan calculate worldwide taxes for various tax scenarios such as multiple Iran Thailand years, changes in entity structure and impact of cross-border Ireland Togo transactions including dividend distributions, interest and royalty Isle of Man Trinidad & Tobago payments, and more. Israel Tunisia Italy Turkey • Transaction Calculator — calculates the total tax cost and benefits Ivory Coast Ukraine of cross-border transactions Jamaica United Arab Republic Japan United Kingdom • Multiple Payment Optimizer — calculates the total tax cost Jersey United States and benefits of cross-border transactions, with the ability to Kazakhstan Uruguay model constraints Kenya Venezuela Korea (Rep.) Vietnam • Withholding Tax Minimizer — provides an analysis of all possible Kuwait Zimbabwe transaction combinations and displays the top 20 lowest Latvia withholding tax routes. ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 5 COMPLIANCE

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.

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

6 ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS COMPLIANCE

COMPLIANCE TOOLS compliance solutions COVER THESE COUNTRIES:

Argentina Korea (Rep.) • Country Analysis: Compliance Checklists — provides a summary of Australia Kuwait key tax compliance information by country Austria Latvia Azerbaijan Lithuania • Country Analysis: Anti-Avoidance Checklists — provides data on Bahamas Luxembourg general domestic anti-avoidance laws, LOB clauses, transfer pricing, Barbados Malawi CFC rules and thin capitalization rules. Belgium Malaysia Bermuda Malta • Forms — Key tax forms translated into English for 80+ countries, Brazil Mauritius including corporate tax return forms, treaty benefit claim forms, British Virgin Islands Mexico withholding tax reporting forms etc. The functionality also provides Bulgaria Netherlands an unofficial translation of any imported documents or forms in PDF. Canada New Zealand Cayman Islands Nigeria • Interest & Penalty Calculator — calculates and manages risks Chile Norway associated with late or insufficient compliance. China (People’s Rep.) Pakistan Colombia Philippines • Collaboration — provides an archive for key documents associated Croatia Poland with specific entities and transactions within user-defined folders, Cyprus Portugal including a Tax Compliance calendar that enables the tracking of Czech Republic Puerto Rico deadlines for filing of forms and sending of task reminders to various Denmark Qatar members of the team. Egypt Romania Estonia Russia Finland Singapore France Slovak Republic Germany Slovenia Gibraltar South Africa Greece Spain Hong Kong Sri Lanka Forms — Key tax forms translated into English for Hungary Sweden 80+ countries. India Switzerland Indonesia Taiwan Ireland Thailand Isle of Man Trinidad & Tobago Israel Turkey Italy United Arab Emirates Jamaica United Kingdom Japan United States Jersey Venezuela Kazakhstan Vietnam Kenya Zimbabwe

ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 7 CHARTING

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

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

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

8 ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS CHARTING CHARTING

charting 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.

ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 9 CHECKPOINT WORLD

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

Intl Tax Intl Tax Intl Tax Intl Tax Intl Tax Intl Tax Intl Tax Essential Essential Essential Essential Essential Intl Tax for Intl Tax for Tax International Research Compliance Entity Chart Entity Chart Entity Chart Entity Chart Entity Chart Intl Tax Intl Tax Intl Tax Intl Tax Intl Tax Small & Small & Management Compliance & Planning Solution - Up to 100 - Up to 200 - Up to 300 - Up to - 400+ Solutions - Solutions - Solutions - Solutions - Solutions Medium Medium Expert Expert Solution Entities Entities Entities 400 Entities Entities Up to 100 Up to 200 Up to 300 Up to 400 - 400+ Corporations Advisory (TME) (ICE) Entities Entities Entities Entities Entities Firms Material Codes (TA61) - EMEA 41386544 41386545 41386546 41386547 41386548 41386549 41386550 41386641 41386643 41386644 41386645 41386646 41386647 41386648 30573736 30573772 Material Codes (TA78) - AsiaPac, LatAm, and US 41386649 41386545 41386651 41386652 41386653 41386654 41386655 41386656 41386657 41386658 41386659 41386660 41386661 41386662 30573752 30573773 RESEARCH & 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 • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓ • ✓

10 ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 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.

ORBITAX ESSENTIAL INTERNATIONAL TAX SOLUTIONS 11 FOR MORE INFORMATION

Call 800.431.9025

Call: ASIA PACIFIC Australia & New Zealand Toll free: +1800 074 333

China TEL: +86 10 5969 5100

Hong Kong, Singapore, and Taiwan TEL: +65 9829 6270 About Thomson Reuters Thomson Reuters is the world’s leading source of intelligent information India for businesses and professionals. We combine industry expertise with TEL: +91 22 6180 7415 innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and Korea science and media markets, powered by the world’s most trusted news TEL: +82 2 2076 8023 organization. With headquarters in New York and major operations in EUROPE , MIDDLE EAST & AFRICA London and Eagan, Minnesota, Thomson Reuters employs more than UK 50,000 people and operates in over 100 countries. For more information, Toll Free: 0808 129 5720 go to thomsonreuters.com. TEL: +44 203 285 7642 The Tax & Accounting business of Thomson Reuters is the leading Email: [email protected] provider of technology and information solutions, as well as integrated Facebook: facebook.com/checkpointworld tax compliance software and services to accounting, tax and corporate Twitter: twitter.com/checkpointworld 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 Orbitax Orbitax 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.

Thomson Reuters 3 Times Square New York, NY 10036

© 2013 Thomson Reuters. Checkpoint and WG&L are registered trademarks of Thomson Reuters (Tax & Accounting) Inc. All rights reserved. All other trademarks listed herein are the property of their respective owners. T-600541