We have categorized 6 documents as Tax. All documents are displayed on this page.

Tax management is a strategic value driver beyond merely an administrative process. According to Paul Polman, former CEO of Unilever, "For most companies, tax is probably the biggest expense line in the P&L." This quote highlights that for most businesses, particularly Fortune 500 companies, optimizing tax operations helps conserve valuable resources that can be redirected towards business transformation, innovation, and other forms of strategic economies.Learn more about Tax.

Did you know?
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.


Trusted by over 10,000+ Client Organizations
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.
AT&T GE Cisco Intel IBM Coke Dell Toyota HP Nike Samsung Microsoft Astrazeneca JP Morgan KPMG Walgreens Walmart 3M Kaiser Oracle SAP Google E&Y Volvo Bosch Merck Fedex Shell Amgen Eli Lilly Roche AIG Abbott Amazon PwC T-Mobile Broadcom Bayer Pearson Titleist ConEd Pfizer NTT Data Schwab




Read Customer Testimonials

  •  
    "The wide selection of frameworks is very useful to me as an independent consultant. In fact, it rivals what I had at my disposal at Big 4 Consulting firms in terms of efficacy and organization."

    – Julia T., Consulting Firm Owner (Former Manager at Deloitte and Capgemini)
  •  
    "One of the great discoveries that I have made for my business is the Flevy library of training materials.

    As a Lean Transformation Expert, I am always making presentations to clients on a variety of topics: Training, Transformation, Total Productive Maintenance, Culture, Coaching, Tools, Leadership Behavior, etc. Flevy "

    – Ed Kemmerling, Senior Lean Transformation Expert at PMG
  •  
    "My FlevyPro subscription provides me with the most popular frameworks and decks in demand in today’s market. They not only augment my existing consulting and coaching offerings and delivery, but also keep me abreast of the latest trends, inspire new products and service offerings for my practice, and educate me "

    – Bill Branson, Founder at Strategic Business Architects
  •  
    "I have found Flevy to be an amazing resource and library of useful presentations for lean sigma, change management and so many other topics. This has reduced the time I need to spend on preparing for my performance consultation. The library is easily accessible and updates are regularly provided. A wealth of great information."

    – Cynthia Howard RN, PhD, Executive Coach at Ei Leadership
  •  
    "As a small business owner, the resource material available from FlevyPro has proven to be invaluable. The ability to search for material on demand based our project events and client requirements was great for me and proved very beneficial to my clients. Importantly, being able to easily edit and tailor "

    – Michael Duff, Managing Director at Change Strategy (UK)
  •  
    "If you are looking for great resources to save time with your business presentations, Flevy is truly a value-added resource. Flevy has done all the work for you and we will continue to utilize Flevy as a source to extract up-to-date information and data for our virtual and onsite presentations!"

    – Debbi Saffo, President at The NiKhar Group
  •  
    "As a niche strategic consulting firm, Flevy and FlevyPro frameworks and documents are an on-going reference to help us structure our findings and recommendations to our clients as well as improve their clarity, strength, and visual power. For us, it is an invaluable resource to increase our impact and value."

    – David Coloma, Consulting Area Manager at Cynertia Consulting
  •  
    "FlevyPro has been a brilliant resource for me, as an independent growth consultant, to access a vast knowledge bank of presentations to support my work with clients. In terms of RoI, the value I received from the very first presentation I downloaded paid for my subscription many times over! The "

    – Roderick Cameron, Founding Partner at SGFE Ltd



Flevy Management Insights: Tax

Tax management is a strategic value driver beyond merely an administrative process. According to Paul Polman, former CEO of Unilever, "For most companies, tax is probably the biggest expense line in the P&L." This quote highlights that for most businesses, particularly Fortune 500 companies, optimizing tax operations helps conserve valuable resources that can be redirected towards business transformation, innovation, and other forms of strategic economies.

For effective implementation, take a look at these Tax best practices:

Explore related management topics: Business Transformation

Strategic Taxation: A Vital Element in Business Strategy

Traditionally, companies have viewed taxation as a non-negotiable expense, outside the purview of Strategic Planning. However, Accenture's recent study indicates a shift towards taxation as a critical strategy tool. The report notes that 70% of Fortune 500 companies now factor tax planning into their overall business strategy. Its responsible management enhances the company's reputation while aligning with global regulatory norms and requirements.

The increasing complexity of the global tax environment places a premium on proactive Management of Tax. Bain's research suggests that businesses which effectively navigate the complexities of global taxation can generate substantial savings and foster a competitive advantage. The focus should be to promote transparency to ensure alignment with international tax regulations, fostering Operational Excellence and reducing legal risks.

Explore related management topics: Operational Excellence Strategic Planning Competitive Advantage

Integrating Tax Strategies with Organizational Goals

High-performing companies seamlessly integrate their tax strategies with overall business objectives. These companies view tax as an integral part of Strategy Development, linking tax planning to Business Transformation goals. This integration not only facilitates better decision-making but also enables a cohesive and strategic approach to manage tax liabilities.

Explore related management topics: Strategy Development

Innovation and Digital Transformation: The Future of Tax Strategy

  • Digital Transformation: A McKinsey survey pointed out that over 45% of financial executives highlighted the benefits of Digital Transformation in tax affairs. Utilizing cutting-edge technologies such as data analytics, artificial intelligence (AI), and machine learning can optimize tax functions, streamline processes, and offer real-time insights.
  • Automation: Automation plays a pivotal role in easing the burden of repetitive tasks in tax compliance and reporting. Businesses that leverage automated systems for tax-related functions can dedicate more resources to strategic initiatives.
  • AI and Machine Learning: These technologies hold promise for predictive analysis, identifying patterns, and offering actionable insights into tax planning. An accurate forecast of tax liabilities assists in financial planning and Risk Management.

Explore related management topics: Digital Transformation Artificial Intelligence Risk Management Machine Learning Data Analytics

Evolving Role of the Chief Tax Officer

The role of the Chief Tax Officer (CTO) is evolving to overcome the challenges of complex and numerous tax regulations and their implications on the global business landscape. In the modern era, the CTOs are not just executors but strategic advisors and partners to the CEO. They inform on how tax-related decisions can impact the overall business strategy, ensuring clear communication channels within the organization about taxation issues.

Developing a Tax Conscious Culture

PWC emphasizes the importance of fostering a tax-conscious culture. An organization wherein every member understands the implications of tax obligations and the importance of tax compliance paves the way for long-term sustainability. The culture of a company needs to recognize that tax planning and compliance isn't merely a job for the tax department, but it is an essential facet of Change Management and everyday business operations.

Explore related management topics: Change Management

Transforming Tax Management into a Strategic Asset

Navigating the complex world of corporate taxation requires understanding and strategy – and therein lies the opportunity. By making tax matters a strategic priority, companies can not just fulfill their legal obligations but also turn their tax function into a strategic asset that supports their broader business objectives. A tax strategy aligned with business strategy can contribute significantly to the company's profitability and share price performance. Therefore, rethinking tax strategy could be a vital step towards future business success.

Tax FAQs

Here are our top-ranked questions that relate to Tax.

How is the adoption of blockchain technology impacting tax compliance and reporting processes?
Blockchain technology enhances Tax Compliance and Reporting by improving transparency, accuracy, and efficiency through real-time transaction visibility, automating processes with smart contracts, and facilitating cross-border transactions, despite regulatory and technical challenges. [Read full explanation]
How do changes in international tax laws impact global business operations, and what strategies can companies employ to navigate these changes effectively?
Navigating international tax law changes demands a multifaceted approach integrating Strategic Planning, Risk Management, leveraging technology, and fostering agility within organizations to adapt and remain compliant. [Read full explanation]
What role does tax policy play in shaping corporate investment decisions, particularly in new markets or sectors?
Tax policy significantly influences Corporate Investment Decisions, Strategic Planning, and market entry strategies by affecting financial viability, compliance, and leveraging tax incentives for growth. [Read full explanation]
In what ways can tax strategy influence a company's global supply chain decisions to optimize for efficiency and compliance?
Tax strategy significantly impacts global supply chain decisions by guiding the selection of operation locations, structuring of intercompany transactions, and leveraging of tax incentives to optimize efficiency, compliance, and risk management. [Read full explanation]

Recommended Documents

Related Case Studies

No case studies related to Tax found.

Explore all Flevy Management Case Studies




Flevy is the world's largest knowledge base of best practices.


Leverage the Experience of Experts.

Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.

Download Immediately and Use.

Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.

Save Time, Effort, and Money.

Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.



Download our FREE Strategy & Transformation Framework Templates

Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more.