New tax regulation and Tax managers

The tax regulatory landscape evolves at the speed of light ⚡️. There has been a tremendous amount of change in the last 15 years. I don’t want to be a broken record, but the expectation is that going forward, only more change is coming our way. Reflecting on my in–house days, I had the “pleasure” to deal with a.o. BEPS 1.0 and BEPS 2.0, EU ATAD 1-2-3, different releases of the OECD TPG, and obviously a myriad of domestic regulatory changes in all the countries I was looking after.

Does anyone still remember DAC6 😬?

All of these regulatory changes triggered specific tax obligations 🔥. They impacted existing compliance processes. They required specific new processes to be implemented. They demanded for impact analysis and overall monitoring efforts. They resulted most of the time in a complex interplay with multiple internal / external stakeholders combined with dreadful data-gathering work. Guess what, it left me with scar tissue… Guess what, we have developed a solution for this: Workflows.