Adapting The Tax Operating Model To Meet Evolving Business Needs

Introduction

The impact of taxation on business is becoming increasingly complex, caused by a mix of external and internal influences – including the constantly evolving nature of business models, changing tax regulations and evolving tax authority initiatives. The complexity of the impact creates a challenge for business and tax leaders – how does the organisation's tax function continue to stay ahead of the changing tax environment to ensure consistent delivery of value to all stakeholders?

Clearly, in order to respond to the changes, the tax function MUST pivot from the traditional operating model to a dynamic tax operating model. As Susie Cooke, Global Tax Transformation Services Leader at KPMG, puts it: "Tax teams and Heads of Tax are increasingly finding that the status quo just can't continue to meet every single demand and requirement, while at the same time delivering value to stakeholders...."