Tax functions can stay ahead with new EY Tax Agenda application
Singapore, 13 September 2017
SINGAPORE, 13 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 will help 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.
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 and desired state of their tax function against key measures and agree an action plan to address the highest priority issues. Specific outputs 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. Organizations can then use this learning to take tangible action steps and act upon key aspirations for their tax function.
Mike Brorman, EY Global Tax Markets & Business Development Leader, says:
“The EY Tax Agenda is an important part of our strategy to help EY clients achieve their tax goals. Engaging with our clients to understand the internal and external influences that are impacting their tax functions is increasingly important as digital disruption and evolving regulatory compliance requirements transform the role of the tax function. As tax is embedded more critically into business operations, the EY Tax Agenda provides a link through which we can periodically revisit our clients’ strategies and assess their changing priorities and requirements. This provides an opportunity to drive higher value and deeper insights for our clients.”
Mrs. Chung-Sim Siew Moon, Singapore Head of Tax, Ernst & Young Solutions LLP says:
“In this rapidly changing world, tax services increasingly require significant technology and transformation elements to achieve their objectives. The EY Tax Agenda is a first-in-class tool that combines technology and tax domain knowledge to help clients comprehensively benchmark their tax function for self-evaluation and achieve tax effectiveness. In line with Singapore’s Smart Nation goals, we are walking the talk and leading the way to add value for clients in the era of digital disruption.”
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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.