43% of Companies See Compliance as Their Greatest Challenge

A survey from Deloitte found that 43% of companies see compliance as their greatest challenge and several key trends. They found that having an overall data management approach and integrated systems are needed to address global tax compliance. They found that complying with constantly changing laws and regulations is a top priority, more than cost efficiency. They also found that 74% of companies are using outsourcing or managed services as their main approach strategy for tax compliance.