Tax Professional of the future

One often hears the statement that a company’s most important asset is its personnel. After the strong technological progress we have experienced, one can wonder if this will continue to apply in the future? Will tax professional be needed?

PwC’s report, ”The Tax Professional of the Future – Staying relevant in changing times”, is the ninth report in PwC’s report series – Tax Function of the Future. This report series looks at future tax functions and methods in terms of how today’s functions must change if they are to succeed in comprising a strategic asset in companies’ future business operations. In this report, the focus has shifted from the tax function to the tax professional.

This report addresses the future of tax professional. It is true there will be a need of tax professional in the going forward but they will also have expertise in data analysis, statistics and technology, as well as in process improvements and changes management. The report discusses everything from the role of training and education, to the expanded requirements for tax expertise and how one can engage, develop and retain future tax talent.