Lenovo’s slogan, “new world, new thinking,” is a perfect way to sum up the company’s approach to transaction taxes, says Culin. “We’re trying our best to bring new thinking to this new digital world, so we’re working with partners like ONESOURCE to collaborate globally and to deliver value by combining the strengths of multiple cultures and embracing emerging markets,” he concludes.
Date published
March 20, 2023
Company
Thomson Reuters
Despite the challenges of maintaining compliance with cross-border tax requirements and determining sales and use tax, goods and services taxes (GST), and value-added taxes (VAT), it’s still possible to take control over your company’s tax strategies.
Lenovo, one of the world’s largest manufacturers of personal computers, overcame the logistic and geographic challenges of consolidating corporate tax processes to achieve global alignment of its tax strategies with business processes.
Of course, implementing a global tax solution when operational downtime isn’t an option takes diligent planning and a phased approach to execute global deployments.
This case study highlights the integration of Lenovo’s centralised global tax solution with its business systems, and explains how one of the most innovative manufacturers of personal computing technology is now able to transform its global finance operations by leveraging enterprise transaction tax management solutions.
