Issue 06 - Ernst & Young T Magazine

New horizons for tax authorities, new challenges for GCR

In their quest for new revenues, governments are starting to act a little more like multinationals. To cope with this, companies will need to raise their game.

A new landscape for compliance and reporting

GCR is a vital topic for discussion – not just in the tax function, but among the entire executive team.

The swinging pendulum of tax change

Being a master technician at the helm of the “black box of tax” is certainly not the only required skill for the global tax director today; in addition, they increasingly need to be a “tax diplomat.”

Planning globally, taxed locally

Globalization is pushing companies to expand overseas, while also forcing them to consolidate finance functions. This in turn is creating new pressures.

Risky business

Gaining a better global appreciation of tax risks across numerous jurisdictions is getting harder than ever for multinational companies.

In-house or outsourced?

Global companies are rethinking the mix of internal and external skills in order to cope with local tax compliance and reporting needs.

New constraints

A new, tighter world of rules and policies is emerging, which is pressuring tax and finance teams in a range of ways.

Estonia online

The country’s wide-ranging efforts to put government online have helped cut corruption and create a highly efficient business environment.

Transforming finance for a globalized world [VIDEO]

Globalization and efficiency pressures are compelling firms to rethink their finance function. In doing so, there is an opportunity to improve global compliance and reporting.

Small global business, big global tax challenge

Large multinationals may be most often in the spotlight, but tax is often most taxing for small and midsize companies.

Technology matters

One of the crucial enablers of an efficient tax function is a standardized approach to business processes and data management.

Engaging with stakeholders to create value

According to CB Bhattacharya, a professor of corporate responsibility, companies are starting to interact with external stakeholders in new ways.

How e-government can shape competitiveness

Estonian President Toomas Hendrik Ilves talks to T Magazine about the key elements of his country’s efforts to bolster its competitiveness.

The importance of external relationships

Increasingly complex tax policy environments are driving firms to build stronger relationships with regulators.

When finance transforms

The financial crisis is pushing companies to engage in wide-ranging exercises to transform their finance functions.

Microsoft’s switch to global compliance and reporting

Global firm, local tax – Microsoft’s operations now span well over 100 countries, with great scope for consolidation, but retaining a clear need for local tax expertise.