Tax News Update    Email this document    Print this document  

March 5, 2020
2020-0497

EY's 2020 Global Tax Technology and Transformation Survey highlights

Multiple megatrends are disrupting the very nature of global corporate tax operations. The pace of regulatory change and the digitalization of tax authorities, demands for transparency, technological advances and the explosion of data are just a few of the forces redefining how tax functions must operate. Yet the technology, leadership and skills within many global tax functions have not kept pace.

In the context of this digitally evolving marketplace, EY's global survey was conducted to gain insight into the current challenges of the tax function. Among the varied perspectives we gained, there was one overarching conclusion: tax functions must close the data and technology gap, and do so as quickly as possible, if they are to keep pace with today's rapidly evolving demands.

This study, attached below, includes survey responses from a group of 100 of the largest multinational companies with median US$12b+ in revenue. The survey was conducted in May 2019 by the EY Quantitative Economics and Statistics (QUEST) group and Wakefield Research.

———————————————
ATTACHMENT

2020 Global Tax Technology and Transformation Survey

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2024, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement