Governments around the world are seeking increased tax revenues, and tax authorities are stepping up efforts to improve global cooperation, reduce tax avoidance and evasion, and improve the efficiency and effectiveness of their approaches to tax audit controversies.
A new survey from KPMG International shows that those companies who get the basics right are better able to manage risk and create value.
In 2009, as businesses continued to respond to the global recession, KPMG International commissioned a survey of tax directors in 20 countries throughout Europe, Asia Pacific, and the Americas to find out how tax departments are adapting to current challenges.
We believe this is one of the largest global surveys of its kind, gathering the opinions of people in charge of tax policy and day-to-day tax operations in 890 companies.
The research consisted of 890 blind telephone surveys of tax professionals world-wide, followed by more in-depth interviews with several KPMG member firms clients and tax professionals.