With the aftershock of global recession lingering, it is hardly surprising that tax authorities around the world are firmly focused on ensuring they receive all the revenue they deem is due to them.
But, for businesses with international operations, keeping on top of those complex different jurisdictional tax requirements – as well as of any new ones that arise as the business expands into new markets – can be a hugely complicated and expensive task. Worse, it can also shift their finance director’s attention away from more strategic, value-adding business opportunities.
The result? In addition to the well-documented increase in companies outsourcing their back-office finance work, many now think that more and more tax compliance work will be added to the outsourcing mix.
As dawn breaks on a new financial year, George Bull, senior tax partner at RSM, looks at some of the new challenges ahead for FDs
Global tax system reform is a hot topic, so BDO's Ryan Geluk explores the role innovation has in strengthening global financial transparency
James Burton of Allen & Overy considers the new interest deductibility and hybrid mismatches rules introduced under the OECD’s BEPS initiative and how they apply to different group structures
With ‘cost reduction’ the top strategic priority for UK companies in a Deloitte survey, Simon Brew, consulting partner at the firm, discusses how companies should approach costs in the face of disruption and uncertainty