1. Home
  2. Tax & Accounting
  3. How companies are facing up to increasing indirect tax burdens

Infographic

How companies are facing up to increasing tax burdens

Thomson Reuters recently interviewed 30+ global tax directors to understand the challenges indirect tax managers are facing, and how indirect tax teams are evolving their role to best deal with them and using technology for support. Learn more about the key themes that came out of this survey in the inaugural indirect tax report, “More than just a process”.

  • IDT Report Infographic U. S. Copy Transcript

    Topic Tag: Infographic

    Page Headline: How companies are facing up to increasing tax burdens

    Text: Sales and use tax, value-added tax (VAT), and goods and services tax (GST) are a primary concern for many tax leaders.

    Qualitative interviews with tax managers in large companies around the world identified challenges indirect tax managers face, and the strategies they are using to adapt and succeed.

    Sub-header 1: Four challenges in indirect tax

    Graphic 1: see attached infographic

    Text:

    Keeping up with change and growth

    Unknown unknowns

    Growing reach of tax authorities

    E-commerce and digital products

    Sub-header 2: The perceived role of indirect tax teams

    Graphic 2: see attached infographic

    Text: Tax leaders are eager to move from compliance to an advisory role. However, much depends on involvement in other departments and learning new skills, like technology.

    Sub-header 3: Five-year team goals

    Graphic 3: see attached infographic

    Text: To build towards a strategic advisor role within five years, managers identified four top tactics.

    Sub-header 4: Embracing technology

    Graphic 4: see attached infographic

    Text: Most managers recognized technology could improve data quality and enhance planning and analysis.  Used properly, the data underlying indirect tax systems provides up-to-date insights in business, supply chains, and customer activities.

    CTA

    Heading: Click here to download the report

    URL link: https://www.thomsonreuters.in/en/products-services/tax-accounting/c/indirect-tax-report/form.html

Related insights

ONESOURCE Indirect Compliance

Learn how successful corporate tax professionals can elevate their role from tax filing and compliance to become strategic business advisors.

ONESOURCE Determination

Talking Tech - Video Series by Thomson Reuters

Real-life stories on how the world’s most innovative companies are solving complex challenges using our technology solutions
Learn more about ONESOURCE tax determination

Use our global tax determination software to calculate and record sales, use and excise tax, VAT, and GST

Learn more