Developments in technology impact every aspect of our daily lives from how we communicate with each other to how we travel, how we work, how we pay for goods and services.
A natural consequence of developments in technology is that it will continue to impact on how taxes are calculated, collected and reported to tax authorities.
As tax authorities’ analytics capabilities become more and more sophisticated, businesses will have to deploy significant resources reacting to tax authority changes unless they change their operating model for tax.
Tax reimagined in a digital world is about recognising the power and value in harnessing data. Data and technology bring significant opportunities for businesses in managing both opportunities as well as risks.