Initializing the CAMRA tax basis

By:John Pavlakis

In today’s global business environment, greater regulatory demands, ongoing fiscal pressures, and the ever-present corporate financial constraints continue to challenge business leaders. 

These pressures are no different within a Tax function. Whether it’s calls for greater risk management and risk mitigation from an Audit Committee or ongoing cost reduction demands from Finance leadership, an automated tax process helps meet these demands. An automated tax process increases accuracy and compliance, makes it more efficient, facilitates greater collaboration, improves transparency, and allows for a more sustainable tax platform.

The CAMRA tax basis solution from SS&C allows clients to automate their processes with both standardized and customizable settings. Certain baseline data (e.g. trade and settle dates, price, and cost) are standard across all bases, while tax-specific items such as requirements related to book value, taxable and tax exempt income and dividend received deductions are separately processed in the tax basis. Various tax elections and flags can also be made at an account, portfolio, or lot level.

The CAMRA tax basis solution provides automated features for bifurcating original issue discount (OID) from market discount, makes basis adjustments as required for OID or market discount accretion and premium amortization, determines the income inclusion for deferred market discount on dispositions, determines any de minimis amounts for OID or market discount, bifurcates gains between short- and long-term, and separates overall gains or losses between the market and the FX components. These and other extensive efficiencies are available to make your tax data processing and your Tax function better, faster, more reliable, and more sustainable.

To learn more about CAMRA and tax process automation, read “Benefits of Tax Process Automation: SSRS Tax Reporting”, the third in our four-part series.

If you want to learn more about upgrading your current tax operations and how automation can help reduce risk, email John Pavlakis at or call on 860-298-4596.