Tax legislation, regulation, and administration
International reform initiatives continue to amplify the burden of tax compliance. U.S. tax leaders look ahead to potential domestic tax reform following the Presidential election. And geopolitical and macroeconomic risks could also have profound effects on tax data needs, exposure, and planning.
Global tax code overhaul pushes forward amid compounding risk and volatility.
Tax function challenges in the current tax landscape:
50
Keeping up with complex and evolving domestic legislation and regulations
Dealing with increased security and enforcement by tax authorities
%
38
23
17
%
13
26
32
48
10
10
Managing compliance in multiple jurisdictions
%
10
17
23
39
44
Addressing the challenges of base erosion and profit shifting (BEPS) initiatives
%
10
14
28
32
45