Even if you know you wish to transform your in-house tax function to be ready to embrace technological change, the question is: why do it?
Is it because of the need to remove inefficiencies? Is it because of a desire to optimize tax outcomes? Is it because your organization is susceptible to tax risks that you cannot get control of? The answer is ordinarily all of the above, but different facets of your tax function may vary in terms of the priorities to be addressed. In the previous section, we noted that most tax technology solutions can be placed into one of four different buckets or categories. Now let's give the reasons why most organizations choose to deploy them.
In our experience, even though a business may choose to invest in tax technology because of the benefits to that organization, what typically causes an acceleration to any investment decision is the news that the tax authorities are doing likewise.
To learn what the tax authorities are doing around the world in the field of technology solutions and what may hold back investment in tax technology for some, read the full report: Transforming the tax function through technology