Tax function of the future: State tax predictions
Ever-shifting market dynamics, technologies and regulations can pose challenges for businesses. Such shifts may increase state tax liabilities, complicate audit practices or burden compliance processes. We predict that:
- states will seek to close revenue gaps by increasing taxes and broadening the tax bases;
- audit activity will intensify as states seek to bring in more revenue; and
- companies will need to automate their current tax functions, data management and compliance operations to more quickly and accurately track state tax information.
Explore specific state tax predictions and learn how you can transform risk and compliance into business advantage, work side-by-side with stakeholders as strategic business enablers, align the state tax plan with the business strategy and instill confidence in your organization.