Survey results highlight key traits of highly effective corporate tax departments, starting with sufficient resourcing. Under-resourced teams face significant challenges, with 72% experiencing tax audits, 47% paying penalties, and many lacking the capacity to invest in improvements. This strain increases workload risks and impacts organizational performance. Another critical factor is technological maturity, as many companies still lack advanced systems needed to improve efficiency and accuracy. Overall, effective tax departments focus on strengthening resources, adopting better technology, and addressing operational gaps to reduce risk, improve compliance, and support broader business objectives.

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