Global companies operate environments with increasingly complicated tax rules and transparency requirements. This places increased demands on tax reporting by the corporate tax function.
PwC’s report,”Enhancing Tax Process Management and Controls”, is the seventh report in PwC’s report series – Tax Function of the Future. This report series investigates the future of corporate tax functions and the way in which current tax functions must change for them to comprise a strategic asset in the company’s future business activities.
In this report we look at the importance of work flows, documentation management and cooperation with other involved parties in an increasingly complex corporate and tax climate. The focus is on the challenges and solutions these tax functions must address within the following five areas:
- management of human resources in an environment of rapid change,
- increased requirement of processes and controls,
- cooperation within various operational areas in the organisation,
- documentation management,
- utilisation of shared technical platforms.
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