Australia

Details

  • Service: Tax, Corporate Tax, International Corporate Tax
  • Type: Benchmarking study
  • Date: 5/04/2013

Corporate Tax

At KPMG we combine an in-depth knowledge of corporate taxation issues with our understanding of how tax fits into the broader picture.

Good, Better, Best: standards in global tax management 

KPMG's Good, Better, Best survey is an international benchmark survey on tax compliance management. It is one of the largest surveys of its kind worldwide and provides insights on current regulatory, economic and tax administration issues from 1,150 tax executives based in 22 countries, including Australia.
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The survey examines how tax departments are responding in the way companies structure, develop and invest in people, processes and technologies to deliver their overall tax strategy, objectives and priorities.

 

Key insights

  • 93 percent of tax departments have a strategy that aligns with their overall business strategy.
  • 77 percent of tax department strategies are board-approved.
  • Over three-quarters of respondents have performance measures related to reporting and compliance.
  • 76 percent of respondents now have a headquartered tax department.
  • 62 percent of tax departments are engaged in or considering overall tax strategy and operational reviews.
  • Less than 40 percent are “integrally involved” in finance function transformation initiatives.
  • Two-thirds of tax departments are currently involved in tax controversy.

 

Further information

Visit our global website for more information.

 

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The race to set standards in global tax management

The race to set standards in global tax management
Detailed findings from KPMG International’s Good, Better, Best survey, which uncovers the most pressing issues faced by tax executives around the world.

Key findings

key findings - good better best
An overview of some of the key findings from the survey

How do you compare?

Benchmark your company against the survey results to help improve your tax governance, management and processes. Talk to us today.
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