How Technology Can Make Global Tax Compliance a Competitive StrengthMay 5, 2015
Today’s corporate tax professional faces many compliance challenges, from the evolving local regulatory landscape to complex data management issues. Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), and local statutory requirements create myriad standards for multinational tax departments to understand and reconcile. Increasingly, globalization leads to day-to-day language, time zone and operational challenges. Perhaps the biggest challenge is the difficulty in consolidating and reporting data that is stored across multiple tax systems….read more in the Tax Executive Institute.