Thus, the tax function in the future would play an important role in the business organization as the regulatory landscape has changed. Regulators would demand transparency, necessitating clear and thoughtful communications with public stakeholders about corporate contributions to the communities in which they do business. Moreover, global tax information reporting requirements (e.g. Base Erosion and Profit Shifting so called ‘BEPS’, and similar transparency initiatives) would grow exponentially and would have a material impact on the operations.