Managing today and transforming for tomorrow
Seasoned tax leaders make key decisions every day to evolve their tax function and keep pace with unprecedented pressures, disruptive technological advancements, heightened compliance obligations and more — all while seeking to demonstrate value within the organization and beyond.
For tax executives of multinational organizations, benchmarking against comparable tax functions can be a powerful tool for reflecting on your organization's current position and planning how to prepare for the future. To help, KPMG International conducts an ongoing survey of the tax functions in multinational organizations around the world. The data gained offers insights into tax functions globally and how they are evolving in their structure, governance, priorities and performance measures, through the use of technology and more.
About the survey
KPMG International’s Global Tax Function Benchmarking Survey charts the evolution of leading tax functions and identifies operational benchmarks for high-performing tax teams.
The selected findings in this summary report are based on a survey of almost 200 leaders in charge of tax policy and operations of companies in all major sectors, with participants from 22 jurisdictions worldwide.
Over 65 percent of respondent organizations have more than US$5 billion in annual revenue or turnover. About 90 percent have global tax functions serving operations in multiple countries/jurisdictions.
What do tax leaders from around the world have to say?
Reappraising the operating model
Redesigning the target operating model with a focus on governance, process optimization, people capabilities, service delivery models, technology enhancements, and performance insights.
Developing a business case and managing stakeholders effectively
Creating objectives and key results (OKRs) to measure and communicate the success of transformation efforts.
Refining tax governance
Implementing responsible tax policies that align with ESG (environmental, social, and governance) principles to enhance company reputation and help reduce audit risks.
Building a robust risk governance framework
Identifying geopolitical risks and preparing for various future scenarios.
Positioning performance in terms of value delivered
Highlighting the tax function’s dual roles as a compliance function and strategic business partner through key performance indicators (KPIs).
Experimenting and iterating
Taking an agile approach to tax transformation by experimenting with discrete operational areas and building on successes.
