The world of taxation is changing rapidly. It is becoming more and more important for a CFO to move away from a "staying out of trouble" attitude and adopt a proactive role in the journey towards full control. Through this booklet, we present through 6 broad steps the journey each CFO must take to be fully in control. Step 1: Robust synchronisation of financial and tax data analytics. Step 2: Global approach to tax compliance. Step 3: Risk planning, provisioning and Effective Tax Rate (ETR) impact. Step 4: Fully align governance and operational conduct. Step 5: Manage your in-house tax team challenges. Step 6: Ensure clear/efficient communication to all internal and external stakeholders.
| Author: Steef Huibregtse, Avisha Sood, Anusha Pande, Jakub Michalak