‘Tis the season to be prognosticating.
As 2015 comes to a close, leading business thinkers are evaluating and forecasting what 2016 likely has in store for companies, as well as for various functions within organizations.
Risk and business consulting firm Protiviti’s annual survey of what will keep CFOs and other finance executives awake in the new year suggests that tax issues will continue to cause tossing and turning:
Domestic debates regarding a major overhaul of the U.S. tax code, together with sweeping international tax changes like the Base Erosion and Profit Shifting plan from the [OECD], confirm that these challenges are likely to intensify, perhaps substantially.
CFO Magazine also reported on Protiviti’s “2016 Finance Priorities Report,” noting that finance leaders anticipate that the demand for technical accounting and tax expertise will intensify next year.
The report, which draws from a survey of more than 600 finance executives and professionals, can help tax professionals understand what their finance counterparts are grappling with and where tax concerns stand on the finance function’s priority lists.
Please remember that the Tax Matters provides information for educational purposes, not specific tax or legal advice. Always consult a qualified tax or legal advisor before taking any action based on this information.