It’s time to invest in tax technologists

Traditionally tax teams have operated relatively independently within multinational businesses. However tax considerations are integral to every aspect of a business and with the increasing volume of tax-relevant data generated by businesses effective management and interpretation of this data have become crucial. This evolution has given rise to a new transformative role within tax and finance teams: the tax technologist who bridges the gap between tax and technology revolutionising the way we manage tax data.

Staying on top of indirect tax compliance when trading goods and services across borders is a significant challenge faced by businesses today. Nowadays they can sell via multiple channels like traditional B2B direct selling direct to consumer (D2C) or online marketplaces.

The systems used for these transactions result in the creation of vast streams of data with the creation of tax-relevant data not...