Tax functions need to evolve—and C-suite leaders know it.
To provide perspective on these questions, we fielded a survey of 300 C-suite executives from companies with at least $1 billion in revenue who make or influence decisions at their organizations.
The survey uncovered the following major themes around how C-suite leaders view and use tax functions and where further investment in the tax function could benefit their organizations:
Data and analytics have become vital to every business function, and tax is no exception.
Emerging technologies can help the tax function perform its tasks faster and better.
C-suite leaders have high expectations of their employees.
ESG issues increasingly are commanding the attention of C-suite leaders.
Many business leaders aren’t using their tax data to its full potential and are therefore missing an opportunity to gain insights and add value.
Vice Chair-Tax, KPMG LLP