Tax Function Effectiveness

Maximizing the value of the Tax Function

As companies look for ways to improve tax operations, strengthen processes, improve compliance and monitor the global effective tax rate, there is growing interest in moving towards a best in class tax function.

The challenges you face

Today, in the regulatory, business and even social environment, key issues for business are control, clarity and compliance. A pro-active approach, without spending considerable time and effort solving tax-related issues, requires the tax function of your company to:

• Comply with tax legal requirements and reporting obligations (IFRS / US GAAP)
• Protect the company from damage to reputation
• Present key information to internal and external stakeholders and support board presentations / discussions
• Monitor the effective tax rate
• Manage tax risks
• Manage tax aspects of business risks
• Effectively allocate time and resources

How PwC can support you

Gaining a better understanding of the Global tax position will enable your company to better monitor and manage taxes, to make better informed business decisions and to be able to communicate in an open and transparent manner to all stakeholders that you are in control of your tax position. It enables the tax department to add more value to the business.

We can support you with improving each of the enablers and differentiators of a best in class tax function:

• Tax Function Structure
• Tax Risk Management
• People
• Processes and Controls
• Technology and Data