2019 European Tax Technology Survey
An evolving view: Will the tax team of the future be equipped to meet their objectives?
Our 2019 report is based on survey responses from over 400 European tax teams and provides valuable insights into how corporate tax teams are managing the challenges of the new global digital tax world.
Key findings from the survey include:
- 76% of senior tax executives have seen an increase in attention on tax compliance and planning at the board level
- 28% of tax teams plan to increase spend significantly (>10%) in next 12 months – mainly to address the needs of digital tax reporting
- Managing compliance across multiple jurisdictions continues to be the biggest challenge, although preparing for Brexit had also significantly increased in importance
- 89% consider tax technology as strategic to the success of their tax function, although only 39% have a tax technology strategy.
Read the 2019 Thomson Reuters Tax Technology Survey to find out more about how tax teams are facing these challenges and more.