Indirect tax laws and regulations are constantly changing, and their complexity can make it challenging to implement automated solutions that keep pace.
Impact:
- Changing tax laws: Changing or unclear global tax laws impact how decisions are made to minimize tax liability without taking undue risk
- Accurate tax filings: Maintaining the company’s reputation by avoiding negative audit results
- Key strategic decisions: Requiring the company to ‘get it right the first time’ – without sufficient time to research decisions, such as M&A tax issues
To dig deeper, visit the original article on the Thomson Reuters blog.