How technological disruption is accelerating change in tax functions

The speed of technological disruption is having a significant impact on the global tax landscape. On one hand, it is enabling organizations to improve the operational models of their tax and finance functions – from streamlining certain processes through the use of automation, to enabling compliance with filing and reporting requirements. On the other hand, tax authorities are increasingly using technology to gather real-time or near-real-time tax reporting data, putting pressure on tax departments and adding to the risk of controversy. Organizations are having to strike a fine balance between seizing these opportunities while meeting these challenges.

Key takeways:

• Advances in technology are giving tax and finance functions the opportunity to improve their operations.
• Adopting new technology and new processes can help organizations remain compliant with a constantly shifting global tax landscape.
• With authorities increasingly using technology to gather tax data in real-time, organizations need to ensure they aren’t behind the digital curve.

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