BASC OASIS Tax XML TCSep 15-16, 2003

Participants

ContributorsJohn GlaubitzLeslie-Ann ScottKen JaslowPeter HorsburghSusan SmoterRaj DoreiswamyGeorge Farkas

Ken DarkTracy Boyd-BrownBob ZarzarHarmjan van BurgBruce HandelPaul Madden

DeliverablesVocabulary/Dictionary - ImmediateProcess models - TBDTASC Specification - TBD

Tax Information PyramidCommonly defined from trusted data sources

Tax specific common terms

Jurisdiction specificterms

Long Term Goals

Short term Goals

Corporate Income TaxBusiness Records

Tax common terms map

Jurisdiction specificterms

GAAP (from trusted sources)XBRL?

Tax XML

Local XML

XML, EDI ?

GoalsLong Term

Access to Business records used for Data mining Build Business Intelligence by Industry, sector for risk assessment

Short termIdentify Common termsIdentify Jurisdiction specific terms

Goal - VocabularyTo build a repository of terms and definitions used in tax administrationTo map what terms are common and terms that are jurisdiction specific

Action/Owner/DateCreate spreadsheet in prescribed format – John/Alex – Sept 19, 2003 Update terms – each country – 4 weeksStatus check teleconference – in one monthPublish to internal site – date TBDMeet to assess spreadsheets – TBDTask force to extract common terms – accountants - TBD

Notes 19/20 – Jan – in US26/27 – Jan – in Europe

Focus isCorporate Income TaxSources:

Tax AuthoritiesMSFT has 70 jurisdictions mapped currentlyStandard Audit FileXBRL – Accounting information

Indirect TaxCommonly defined from trusted sources

Tax specific common terms

Jurisdiction specificterms

Business TransactionsXML, EDI, XBRL-GL

Tax XML

Local XML