Financial Technology

The Future of Tax Departments

By Thomson Reuters

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Overview

Corporate tax departments all over the world are grappling with enormous change, much of it driven by dramatic improvements in — and reliance upon — new and better technology platforms. The pressure to adapt has never been greater, and the consequences of falling behind have never been more punishing. Alongside with the combined forces of globalization and digitization have also created a dramatic shift in expectations about what is necessary and what is possible in almost every area of public life, taxes included.

Government tax authorities want more transparency and accountability and are implementing policies and tax technologies that require it. Companies need swifter data analysis to keep pace with more stringent government reporting requirements and stay a step ahead of the competition — and they increasingly expect their tax departments to provide it.

Find out what your tax department will need in order to step into the future.

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