Seven Trends Shaping the Future of Tax Policies

Seven Tax Trends for the Future of Tax

What does the future hold? Here are our predictions for the top trends that will influence tax policy and tax bills in the coming years, and how they will increase or decrease for tax professionals.

Corporate Compliance

Description:

Comprehensive tax control framework.

Impact on companies:

Current = LOW
Outlook = HIGH

Legislation

Description:

General anti-avoidance rules, interest deductability changes, transfer pricing, hybrid structures, double non-taxation, and treaties.

Impact on companies:

Current = HIGH
Outlook = HIGH

Transparency

Description:

Disclosing tax information to stakeholders, internal transparency of tax-related functions, strong governance, and risk management processes

Impact on companies:

Current = LOW
Outlook = HIGH

Professionalism

Description:

Tax authority administrators are better equipped to deal with complex tax issues

Impact on companies:

Current = LOW
Outlook = MED

Big Data

Description:

Advanced data and analytics capabilities

Impact on companies:

Current = MED
Outlook = HIGH

Tax Competition

Description:

Corporate tax rates keep falling

Impact on companies:

Current = HIGH
Outlook = HIGH

Balancing Conflicting Interests

Description:

Managing the diverging interests of stakeholders

Impact on companies:

Current = MED
Outlook = HIGH