Room for improvement on connectivity
• With tax departments devoting much of their attention to compliance, less time and attention are being spent on more forward-looking, higher-value activities.
• In terms of how the tax department is measured and where time is expected to be spent over the next 12 months, the lowest-ranking priorities are integration with business groups and early indication of routine transactions, cash tax planning, and tax process improvement.
• For tax departments that will restructure in the near future, “cost reduction” is the reason with the greatest increase since 2009. Better alignment with the business or finance function is the least common reason.
Room for improvement on connectivity• With tax departments devoting much of their attention to compliance, less time and attention are being spent on more forward-looking, higher-value activities.• In terms of how the tax department is measured and where time is expected to be spent over the next 12 months, the lowest-ranking priorities are integration with business groups and early indication of routine transactions, cash tax planning, and tax process improvement.• For tax departments that will restructure in the near future, “cost reduction” is the reason with the greatest increase since 2009. Better alignment with the business or finance function is the least common reason.
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