The new tripartite era for tax directors

Tax directors are now being stretched in three directions – by regulation by community and by competition – in a new era that is seeing tax departments re-evaluate their strategy to fit present day conditions.

The 2013 Affecton Tax Journal survey of leading tax department heads in the UK and follow-up face-to-face discussions have found that community and public opinion are now a stakeholder in companies’ tax strategies at a time when regulation is also being significantly strengthened and fiscal authorities use public concerns to raise the stakes in their enquiries (see figure 1).