Tax transformation doesn’t happen overnight.
Tax, one of the oldest functions in the business world, is experiencing an unprecedented level of disruption. The ripple effect of legislative and regulatory change is increasing complexity and compliance requirements in tax departments around the world. While tax regulations are changing, digitization is shrinking the globe and making everything more connected, increasing the need for real-time information. That’s where tax transformation comes in.
Tax transformation is the journey from where you are today to where you want to go. It enables an organization to have a
total tax liability focus in order to measure the
direct and
indirect tax impact of business decisions. The tax function of the future will not only be drastically different from what it is today, it will play an integral role in advancing an organization’s overall strategy. But these changes do not happen overnight. A baseline understanding of the impact of technology on tax is step one. BDO’s tax transformation resource center is built to support this learning journey.