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Area Development - Site Selection, Facility Planning and Workforce Development

Driving a More Valuable Contribution from the Corporate Tax Function

1-1-2008
Deloitte Tax and CFO Research conducted a survey among more than 225 senior tax and finance executives to obtain executives' views on how tax, finance and general management executives collaborate to improve business decision making. The survey also explored what investments and organizational changes companies should make to ensure that tax is able to make a higher value business contribution. Key findings include:
* Finance and tax executives are not entirely aligned on the activities that will drive their companies' business value over the next two years.
* Tax executives want to collaborate more with business operating units and their managers.
* Finance executives are not convinced that tax executives have the business and management skills to contribute greater value.
* Tax collaborates well with other corporate functions but less so with operations, information technology, and marketing and sales.
* When tax controls tax's role in business decision making, companies are more likely to cite the tax function for excellent performance and close collaboration with other parts of the business.

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