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Tax Function Of The Future

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Tax departments at many businesses are undergoing fundamental transformation to respond to a increasingly complex legal and regulatory landscape. Tax regulations are changing at an unprecedented pace under the impulse of the OECD (e.g. Pillar Two), the EU (e.g. Country-by-Country Reporting) or local governments, often involving extensive reporting and documentation requirements.

To respond effectively to these and other changes, tax departments will need access to accurate and timely tax-related data across their company’s global operations, combined with tax teams that have data management and technology expertise.

These are some of the key themes that emerged from Deloitte’s 2023 Tax Transformation Trends research.

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