Today’s tax functions operate in an environment of rapid and continuous change.
Tax authorities’ expectations of businesses are moving from retrospective, form-based compliance to real-time ‘compliance by design’. And the regulatory environment is becoming infinitely more complex, with BEPS 2.0, Real-Time Reporting and E-Invoicing all on the horizon.
Meanwhile, finance transformations are disrupting tax functions, driven by the need to replace or upgrade core systems such as ERP, forecasting, payroll and more. Tax departments are often last to hear about such projects – despite the impact on the data they need to collect.
Heads of Tax need to know their teams can stay ahead of external and internal change. That will mean equipping them with the digital technology, and the data analytics capabilities, that the future of tax will demand.
