Developing a World Class Tax Function: Developing your Tax Control Framework
“Tax has become a strategic issue for most businesses, and our clients are seeking assurance over how they benchmark to their peers in terms of managing their tax operations.”
Tax Assurance and Risk Management
Tax is increasingly on the Board’s agenda, and senior management want a culture of no surprises when it comes to managing tax on a global basis. On top of that, there is an increasing need to demonstrate tax assurance and efficiencies in terms of how tax operates across the business.
For all organisations, there are tax challenges as a result of increasingly complex tax compliance and regulatory requirements, magnified often by overly manual and disjointed processes that create tax risk.
In simple terms, our clients are asking for practical ways to improve tax performance and better manage their tax risk, as well as demonstrating ‘right’ tax behaviours as part of their ESG or Responsible Tax agenda.
We have developed a Tax Control Framework (TCF) Roadmap to help our clients navigate this path to a world class tax function.
More information can be found, by exploring our interactive Roadmap below.
Global Tax Outlook
BDO’s Global Tax Outlook international research programme, reports on how a broader range of executive stakeholders are concerned about the impact of changing tax regulation and public scrutiny on their tax affairs and the wider business. See our related Insight below and read how tax governance and assurance has become a key focus.
If you would like to discuss more on how to optimise your tax function and tax risk management, please get in touch via the contact form below and a member of the BDO team will personally reach out to you for a tailored discussion.