This article focuses on the increasing burdens placed on the tax function by the escalation of state audit activity and controversies. As we explore these developments, we offer practical steps for companies to position themselves to meet these challenges.
As we see it, there are three primary drivers to the expanded audit and controversy environment:
The impacts of these developments will become more pronounced as state tax authorities look to close budget gaps and transform their audit and technology productivity.
Partner, National Indirect Tax Leader, PwC US
Asset Management Tax Leader, PwC US