Strategic choices for today’s tax functions

What is required for the corporate tax function to be able to meet the challenges associated with complex tax and business environments? In PwC’s report series, Tax Function of the Future- A Focus on Today, the discussion focuses, again, on the strategic assessment of operating models to enhance and facilitate tax functions.

PwC’s report, ”Tax operating models Technology disruption in sourcing decisions”, is the third report in PwC’s report series – Tax Function of the Future – A Focus on Today. The questions addressed in this report are, amongst other things, whether certain tax functions should be internally managed or externally managed via a third party. What is the significance of this choice? What are the primary reasons for analyzing the model deemed most desirable in strategic terms? In what context are outsourced, co-sourced, respective in-house functions, best suited to achieve an optimal tax function?

The report also addresses technological developments in relation to the tax function and how companies can best utilize technology to optimize that function. The report also illustrates that there is plenty of room for development when it comes to technology being used to revolutionize today’s tax functions.