Key trends of the current and future tax landscape for consumer products and retail organizations
Economic uncertainty. Shifting global regulations. Geopolitical tension. Commitment to sustainability and social responsibility. Accelerating digitization. New work environments. All their factors have become part of the Chief Tax Officer (CTO) mandate.
The 2023 CTO Survey finds consumer products and retail tax departments facing significant risks, and CTOs expecting this to continue in the future. With changes affecting tax rapid and unrelenting, tax department transformation is essential. KPMG survey focused on how tax executives were viewing the current and future tax landscape; specifically on tax policy, transparency, technology, talent and ESG.