Amidst shifting regulatory frameworks, organisations worldwide are experiencing a significant push for tax transparency. The increasing focus on digital transformation (DX) is the critical means to ensure real-time data reporting and investigation. But the impact goes far beyond delivering on compliance alone.

A new survey by Thomson Reuters shows that using digital transformation (DX) in tax reporting can provide many benefits for businesses. Six hundred and fifty professionals based in Australia, India, Japan, MENA, and Southeast Asia took part in the survey. The insights from decision makers, reveal that demonstrating transparency significantly boosts trust with regulators and tax authorities.

In this article, you’ll learn about the unique competitive situation this has created for corporations to be leaders in tax transparency. Uncover the insights into what is driving decision makers to pursue digital transformation in tax finance.