Global Tax Outlook 2020
Tax in the boardroom
Tax leaders seek to evolve the focus of their activity and to ensure tax adds greater value to the business. Consistently the research shows tax leaders are moving to integrate tax into the strategic decision making of the business, to allow the tax function to take on a more strategic and advisory role. And, to be able to utilise the data that technology can provide more cost effectively, achieve greater oversight of the organisation’s tax data.
As tax leaders respond to pressures both internal and external to the business, and as compliance continues to dominate the tax agenda there is a clear desire for the tax function to be a true business partner, not just a support function.
[PLACEHOLDER]
expect tax risk management and
tax governance to be fully
36% to be managing tax risk
proactively, but not fully
integrated with business processes.
embedded in their organisation
in two years, and an additional
43%
The tax function is evolving, driven by the changing nature of the compliance function and enabled in part by technology.
Listen to an extract of an interview with Robert Aziz, BDO’s Global Head of Tax, on the part tax plays in strategic decision making and the role of tax as a response to the COVID-19 crisis.
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OUTLOOK REPORT
Global Tax Outlook 2020
expect tax risk management and tax governance
to be fully embedded in their organisation
risk proactively, but not fully integrated with business processes.
in two years, and an additional 36% to be managing tax
43%
Total tax liability* is an increasingly familiar concept, but not all regions engage with the concept equally and many organisations fail to calculate it effectively.
*an understanding of and visibility into the sum of all the taxes a business owes at any point in time
The Americas are most ambitious
about total tax liability,
they expect to calculate
it across the business
using automated tools.
74% say in two years
Total tax liability* is an increasingly familiar concept, but not all regions engage with the concept equally and many organisations fail to calculate it effectively.
*an understanding of and visibility into the sum of all the taxes a business owes at any point in time
The Americas are most ambitious
about total tax liability,
they expect to calculate
it across the business
using automated tools.
74% say in two years
INSIGHT: SPOTLIGHT ON GLOBAL TAX ASSURANCE & RISK MANAGEMENT
INSIGHT: SPOTLIGHT ON GLOBAL TAX ASSURANCE & RISK MANAGEMENT