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Tax Technology Adoption - Outlook

The tax agenda of large and medium-sized international operating organizations has changed dramatically since 2008. Under pressure created by the economic crisis, Tax Administrations are looking for more efficient ways to create a transparent tax compliance process resulting in better data management. Getting proper data in an efficient and effective way out of the organization is the key challenge. For many years Corporations accepted opaque tax data due to aggressive or even questionable tax behavior to minimize their tax burden through legal interpretation of tax law, but now the driving force is transparency to show internal and external stakeholders one is compliant with tax laws and regulations.