Meanwhile, the average global corporate tax rate average remained almost the same with a small decline of 0.09 percent to 24.43 percent. With complexity in changing indirect tax, corporate tax, international tax law and tax controversy and reputational risk continuing to mount, companies will have to put more effort in keeping up with changes in the multiple jurisdictions in which they operate.
With an additional strategic focus in a company-wide framework for managing tax, it is possible for companies to realize opportunities to reduce the total business cost associated with compliance while improving their bottom lines.