When it comes to making companies smarter and more compliant on tax, it’s all about the data. In today’s landscape of fast-changing regulations, increasingly global work forces, and instantaneous information sharing, it has never been more important to ensure the quality of data to help unlock insights to drive confident decision-making.
This new publication focuses on the growing use of data and analytics (D&A) on tax information by taxpayers and tax authorities. It offers a look how tax authorities are using D&A approaches to close the tax gap caused by errors, fraud and abuse; collect and share information across borders; and increase operational efficiency within their own administrations. Similarly, it explores how taxpayers can use tax data to prepare for regulatory change, effectively manage their global workforce, create a data-focused culture; as well as how some leading tax departments are moving towards centralizing their D&A activities to scale improvements across the organization.