European Tax Survey 2013
The benefits of stability
The external environment has rarely been more challenging for heads of tax. Governments and Tax authorities traditionally seek to increase tax receipts in times of austerity.
And, looking onwards, changes within businesses themselves are driving an evolution of tax departments. Tax compliance increasingly operates on a current (real time) basis. Tax specialists need to combine business and technical expertise to drive value for their business.
But how much has this really affected heads of tax? What keeps them awake at night? Which jurisdictions are perceived as the most challenging and where in Europe does it seem it is becoming easier to do business?
In order to help understand this fast changing landscape, Deloitte undertakes an annual survey to track trend as viewed by Heads of Tax.
Almost 1000 companies across Europe responded to the Deloitte Tax Survey in 2013. The responses were often surprisingly unanimous for disparate organizations that vary in size and structure operating in different economies.
The key to success for almost all is the timely filing of tax returns and other compliance related work. This defines success above all other measures. There has been some media focus on perceived tax avoidance undertaken by large companies. However, on this evidence it seems that organizations are less focused on attempting to pay less tax, their priority is on getting it right. Pressure is put on heads of tax to deliver certainty around tax liabilities in the statutory accounts. Integration with the business is a part of this, and is changing the way that tax departments work. In fact, close integration with the business has already become a key measure of success.
You can download the full report here. (PDF, 28 pages)
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