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Corporate tax teams are essential to the success of organizations. They are crucial in ensuring the organization’s financial health and success by managing tax risks, maximizing tax benefits, and providing strategic financial planning insights. Although modern tax and accounting departments play a vital role in the organization, they face increasingly complex challenges that affect their productivity every year. According to the Bloomberg Tax 2022 survey — The Trends Shaping Tomorrow’s Tax Function, 73% of tax professionals stated that keeping up with tax reporting and control requirements has become more difficult in recent years, followed by 45% of tax professionals who reported the overall compliance burden as a major challenge. |
