The world of tax is seeing fundamental change. The last two years have seen anunprecedented focus and critique of the global tax framework. Tax cannot be viewed or considered in its own silo anymore.
The elevation of tax considerations politically to the G8, G20 and various other supranational bodies such as the Organisation for Economic Co-operation and Development (OECD) and United Nations (UN) have borne this out.
It is now front and centre for every single business. No board of directors, CFO or CEO can chose to view tax as a mere compliance activity as it now has significant impact on all businesses moving forward.
We have seen a lot of commentary on the anticipated changes in the world of tax and the impact of these. Our article talks about what these changes mean not only for the global tax leader and tax team but also for the board of directors and in particular the CFO and CEO community.
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By Paul Butterworth MNI, Global Head of the Maritime & Shipping Practice at Odgers Berndtson