In-house indirect tax specialists working in multinational environments are well aware of the enormous challenges they face in managing their global transaction tax positions. One of the prime reasons for this has been globalisation, a politically sponsored process that has opened up worldwide trading opportunities at the cost of additional risk and compliance administration on the part of those companies wishing to operate globally. A possible solution to today’s hyper-regulatory situation is international co-operation between tax authorities to reduce the burden and the adoption of emerging technologies that will become an essential element in the management of indirect taxes.
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