Tag: Strategic

The Essential Role of Data Access in Tax Functions Both Finance and Tax departments require access to data that illustrates how transactions are processed and how IT systems are configured. Data integrity poses a significant operational risk,…

Not only Finance, but also Tax, needs access to data that shows how transactions are processed and how IT systems are set up. Data integrity is an operational risk factor when transactions are booked in any given country and are not properly…

In today's environment of heightened scrutiny and demands for accountability, corporate fiscal responsibility is essential for businesses. This principle goes beyond mere compliance with financial regulations; it involves ethical financial practices…

The Head of Tax is essential for navigating the complexities of tax compliance while driving strategic initiatives. This role ensures adherence to tax regulations and develops innovative strategies that align with the company's goals. By utilizing…

As the business landscape evolves, so does the Chief Financial Officer (CFO) role in tax management. This transformation broadens their responsibilities and elevates their strategic influence within the organization. Embracing this shift is…

How investors could approach and manage their expectations about tax implications in the face of uncertainty, emphasizing the importance of thoughtful strategic planning. Investors play a crucial role in shaping the economy, providing capital that…

The Sarbanes-Oxley Act of 2002 (SOX) is a U.S. federal law created to prevent corporate fraud and protect investors. It was passed in response to massive accounting scandals (like Enron, WorldCom, and Tyco) where companies lied about their financial…

Preparing for Tax Audits: A Strategic Approach Tax audits can be both time-consuming and resource-intensive, often requiring significant input from internal teams and external advisors. To mitigate the impact of an audit, it is essential to…

The tax function should be able to understand business activities/objectives including R&D and get aligned with other functions like legal, HR and IT. The tax objective is to mitigate risk and identify opportunities to support a company's supply…

Strategies, Approaches, and Models A comprehensive tax strategy should encompass all applicable taxes and key business locations, ensuring alignment with the overall business strategy. The tax strategy document must also include guidelines for…

Create, protect and prove value and write a business case for investment to realize business objectives such as improve cash flow, reduce costs, improve tax processes and manage tax related risks. A primary business objective in today’s complex…

There is no ‘one-size-fits-all’ approach to the design and implementation of an operational indirect tax strategy. However, the objective should be to create an indirect tax function that is fit for purpose and fully aligned with the operational…

With indirect taxes intertwining through the day- to-day operations of a company—raising sales invoices, moving inventory, paying suppliers, collecting cash—indirect tax risk can have a distinct and domino-like effect on the commerciality of an…