Tax Transformation
Susie Cooke, Head of Tax Transformation Services at KPMG International, looks at the trends, challenges, and opportunities facing tax functions, and how KPMG member firms can help organizations on their tax transformation journey.
Building a tax function fit for the future
KPMG’s Tax Transformation services help companies to proactively design and build how they deliver tax requirements in a world where what they need to deliver is ever changing.
We are helping companies to design leading tax functions with a focus on people, process, technology, and governance, while also seeking to address tax risk, reputation, and compliance.
Why transform?
The world is evolving and digitizing at pace and tax functions need to transform to keep up. The environment tax leaders operate in has dramatically changed. Economic uncertainty is pressuring companies to cut costs and drive efficiencies; and tax authorities continue to innovate how they administer and collect tax using technology and data.
Frequently seen triggers for Tax Transformation can include:
- End-to-end operations or finance transformation
- New legislative and/or regulatory requirements such as real-time reporting or e-invoicing
- ERP system changes
- Internal and/or external audit findings
- Changes in key tax or finance personnel
- Budget pressures
- Mergers and acquisitions activity
How KPMG can help
Tax Transformation starts with a clear tax vision and strategy aligned to the business objectives of the wider organization. Our approach can help you to design and implement a leading tax operating model to enable you to realize value while you manage tax risk, reputation, and compliance.
Using our Powered Tax methodology, KPMG's Tax Transformation teams can help tackling these challenges focusing on the following key areas:
KPMG's Tax Transformation services professionals help organizations actively contribute to finance transformation projects helping to ensure that tax requirements are built in and tax is positioned as an enabler. We can streamline processes and help design a sourcing model which best suits business objectives and wider organizational goals across the whole spectrum of outsourcing, in-sourcing and, co-sourcing.
We can help organizations ensure existing finance and/or enterprise resource planning (ERP) systems are properly tax sensitized to provide standardized tax determination and reporting functionality across the business, as well as put in place tools to help ensure effective Country-by-Country reporting requirements are met and enable informed strategic decisions and improve performance.
Tax Transformation: Building a Tax Function fit for the future
Learn more on KPMG’s Tax Transformation services that help companies proactively design and build how they deliver tax requirements in a world where what they need to deliver is ever changing.
