Tax Regulators set their expectations
Recently, the Tax Executive Institute (TEI) of Singapore and PwC jointly hosted a forum in Singapore titled “How tax functions are evolving to meet the challenges of today and tomorrow”. The key themes underpinning the event were the:
- Elevation of tax as a key business risk with financial and reputational/brand consequences
- Pressures on tax functions to evolve to better manage tax risks AND at the same time meet key internal/external stakeholders expectations and embrace the opportunities presented by process transformation and technology.