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FinanceWhitepaper

2020 Corporate Tax Departments Survey

Constant changes to tax codes echo a complex world

In the past two years, the U.S. federal tax system has undergone a seismic change after passage of the Tax Cuts and Jobs Act in 2017, which amended the Internal Revenue Code dramatically. Now with the COVID-19 pandemic, even more changes are emerging at a time when corporate tax departments are having to work remotely, while suffering a surge in workload and resource constraints.

The new report, 2020 Corporate Tax Departments Survey, published by Thomson Reuters / Acritas, examines the landscape in the corporate tax field, surveying corporate tax professionals on the challenges their teams are facing and what they need to address them. The report also provides examples of best practices, together with checklists of actions that corporate tax teams can take now, including creating a compelling business case for investment and re-examining how they can get the most out of their external advisors.

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