Most Chief Tax Officers (CTOs) or Tax Leaders report to:
Just over half of tax departments in FS are responsible for global reporting while a high proportion are responsible for domestic reporting compared to global averages (i.e. 61% global reporting and 74% domestic reporting):
Only 37% of tax departments in FS use a shared service center (SSC), of which 80% have increased utilization.
Public disclosures of tax information:
50% of the companies who don’t currently disclose, plan to do so in the future.
Tax leaders ranked the following process improvement priorities as important or very important over the next 5 years:
Today, tax departments are often consulted on the overall business strategy for the organization. 61% of respondents have seen an increase in involvement in the last 2 years.
Most companies have a tax strategy or overarching tax governance policy document that covers tax risks.
As a seasoned tax leader, you make key decisions every day to evolve your tax department in order to keep pace with unprecedented pressures, disruptive technological advancements, heightened compliance obligations and more — all while continually demonstrating value within your organization and beyond.
Benchmarking against comparable tax departments can be a powerful tool for reflecting upon the department you have today, and thinking about how you will transform it for tomorrow.
The KPMG Global Tax Department Benchmarking Survey is an ongoing initiative that is establishing a meaningful benchmark of data for tax leaders around the world.
To respond to the survey, please email firstname.lastname@example.org.
Global Tax Benchmarking Survey, KPMG International, 2019