TOP 5 GLOBAL TAKEAWAYS
1) Organisations anticipate continued change in the global tax landscape
with a high degree of uncertainty in national and international tax legislation and regulation.
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2) 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.
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3) The tax function is evolving, driven by the changing nature of the compliance function
and enabled in part
by technology.
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4) 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.
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5) The more mature tax functions are investing in tax technologies to automate the compliance burden, as lower cost alternatives are emerging.
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