Woman working from home on sofa with laptop

How technological disruption is accelerating change in tax functions

In this edition of “Tax and Law In Focus,” Simon Hobbs interviews Clare Franklin, EY EMEIA Tax Transformation Leader, and Ross Hay, Head of Global Tax Operations at Takeda.

The speed of technological disruption is having a significant impact on the global tax landscape. On one hand, it is enabling organizations to improve the operational models of their tax and finance functions – from streamlining certain processes through the use of automation, to enabling compliance with filing and reporting requirements. On the other hand, tax authorities are increasingly using technology to gather real-time or near-real-time tax reporting data, putting pressure on tax departments and adding to the risk of controversy. Organizations are having to strike a fine balance between seizing these opportunities while meeting these challenges.

Key takeways:
  • Advances in technology are giving tax and finance functions the opportunity to improve their operations.
  • Adopting new technology and new processes can help organizations remain compliant with a constantly shifting global tax landscape.
  • With authorities increasingly using technology to gather tax data in real-time, organizations need to ensure they aren’t behind the digital curve.

Podcast

Episode 2

Duration 40m 49s