Global Tax Outlook 2020
Tax: The challenges of ensuring compliance
Scroll down
to our findings
There are high levels of uncertainty around tax developments. Tax authorities are often viewed as inconsistent and change focus depending on the political philosophy and priorities of the government of the day and tax reform at an international and national level has led to continual regulatory change and unpredictability. Compliance continues to dominate the tax agenda and consumes an increasing amount of the Board’s time.
The challenge for tax leaders is complex. Across the globe, the research shows tax leaders face unprecedented change and transition, as they respond to pressures both internal and external to the business.
Organisations anticipate continued change in the global tax landscape with a high degree of uncertainty in national and international tax legislation and regulation. Views about the effectiveness of tax authorities in combatting tax avoidance and evasion vary significantly.
of respondents rank ‘keeping up
up with new regulations
and legislation’ as one of the
their tax function. This was consistent
across all regions. There were
notable differences in the second
most significant priority by region.
top three priorities facing
68%
Listen to part of an interview with Robert Aziz, BDO’s Global Head of Tax, on the challenges corporate taxpayers face in ensuring that they stay compliant.
READ THE GLOBAL TAX
OUTLOOK REPORT
of respondents rank ‘keeping up with new regulations
and legislation’ as one of the top three priorities facing
their tax function. This was consistent across all regions.
There were notable differences in the second
most significant priority by region.
68%
Global Tax Outlook 2020
Compliance: meeting and managing the cost of increasingly complex and developing tax compliance requirements, and adjusting to tax reforms and new regulations, dominates the tax agenda and increasingly the Board’s time.
rank ‘staying compliant given
increased demands to submit
more detailed tax information
facing the organisation.
significant tax issue
as their top three most
60%
Compliance: meeting and managing the cost of increasingly complex and developing tax compliance requirements, and adjusting to tax reforms and new regulations, dominates the tax agenda and increasingly the Board’s time.
rank ‘staying compliant' given increased demands
to submit more detailed top information as their
tax issue facing the organisation.
top three most significant
60%
INSIGHT: SPOTLIGHT ON GLOBAL TAX ASSURANCE & RISK MANAGEMENT
INSIGHT: SPOTLIGHT ON GLOBAL TAX ASSURANCE & RISK MANAGEMENT