Tax departments need to tool up to be ready for the kinds of tax planning that will occur in the coming 12 months, especially with tax reform implications being considered at the highest levels within organizations.
That’s the upshot of KPMG’s recent tax outlook study, in which three out of four tax leaders said they are optimistic about company growth in the coming 12 months. Nearly as many, or 64 percent, said they are going to need to make some changes to their organizations to accommodate the direction of tax planning, as 85 percent reported companies are addressing global tax reform, such as the Tax Cuts and Jobs Act, at the board and audit committee levels.
