Tax functions can stay ahead with new EY Tax Agenda application
London and New York, 12 September 2017
EY today announces the launch of the EY Tax Agenda, an application-based platform that enhances strategic conversations with organizations about their tax functions and the roles that those tax functions play in overall business operations.
The new application helps organizations anticipate the impact of some of the biggest technological, regulatory and talent challenges that tax functions currently face, and provides a platform for them to understand the future-readiness of their tax department and initiate any necessary change.
“Sharing the EY Tax Agenda with a few clients already showed that it can help them identify their goals, get a comprehensive view of their function and challenges, consider options to transform their tax function, and then prioritize how to improve processes that meet today’s business needs,” said Kate Barton, EY Americas Vice Chair of Tax Services. “This new agenda sets their path, whether it’s to manage ever-increasing regulatory challenges with increased efficiency, address digital disruption or to integrate with other business operations. It can help new tax leaders and CFOs who just joined an organization, as well as company veterans who have been thinking in small patches, but who aspire to improve the full tax function and redefine its role. Our Tax Agenda consultations also allow us to offer higher value and deeper insights to our clients.”
The EY Tax Agenda framework is built on a series of key elements and leading practice considerations that organizations must understand in order to develop a leading-class tax function, including external and internal influences impacting the tax function; understanding the current and aspirational state of maturity of the responsibilities of the tax function; and identifying activities to bridge gaps between the tax function’s current state and aspirations.
Within the application, organizations can identify the current state of their tax function and compare it to the desired state using key measures, then agree to an action plan to address the highest priority issues. Specific outputs can give organizations a clear picture of the next steps they need to take to achieve their tax-related goals and these outputs can be used as a reporting mechanism back into the enterprise and to a wider executive team.
The EY Tax Agenda is regularly updated with new hot topics and market trends in tax and can be used as an educational tool to help organizations better understand the current demands and trending issues that tax directors and the wider C-suite are facing.
Notes to Editors
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This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.
About EY’s Tax Services
Your business will only succeed if you build it on a strong foundation and grow it in a sustainable way. At EY, we believe that managing your tax obligations responsibly and proactively can make a critical difference. Our 50,000 talented tax professionals, in more than 150 countries, give you technical knowledge, business experience, consistency and an unwavering commitment to quality service — wherever you are and whatever tax services you need.