Closing the indirect tax gap
Financial and insurance markets are faced with continuing strain from global economic pressures. In response, collecting the right amount of indirect tax is an ever growing priority for governments. Across global indirect tax regimes, businesses must adapt to initiatives which seek to close the indirect tax gap. This involves new ways of recording data and reporting this to tax authorities, alongside keeping pace with new products and technologies. Altogether, this presents both challenges and opportunities for the indirect tax function.
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