In today’s complex and interconnected business landscape, the role of the Global Tax Process Owner (GPO) has become essential, especially in large multinational corporations. While companies of all sizes and industries can benefit from tax process oversight, global tax process ownership is particularly valuable in organizations that operate across numerous geographical locations and business units.

The tax function is crucial to an organization, influencing various aspects from effective business modelling to corporate image, compliance, and internal control. It also plays a significant role in change management programmes and the digital agenda of organization. Here is WHY the tax function matters.

Tax legislation exerts a significant influence on businesses and nations globally. The tax compliance environment is increasingly complex, characterized by a multifaceted system with numerous layers, touchpoints, and interfaces. This complexity presents various practical and theoretical challenges in righting companies through the tax compliance systems. To address these challenges and manage the ever-growing intricacies of tax legal requirements, tax leaders must adopt innovative approaches in designing the tax function operating models.