Driving Indirect Tax Performance - Managing the Global Reform Challenge

Even before the global downturn, indirect taxes, such as a value-added tax (VAT) and a goods and services tax (GST), were providing an increasing percentage of government revenues.

According to this whitepaper from KPMG International, the new economic realities mean that significant reforms are about to take place. For many governments around the world, these reforms are expected to accelerate the shift away from direct taxes towards indirect taxes like VAT, which will present new risks, challenges, and opportunities for businesses operating globally.

This whitepaper outlines a series of practical steps that global businesses should consider in their efforts to manage the emerging risks and opportunities effectively and efficiently. Practical issues discussed include using modeling techniques to assess the impact of local VAT changes, using emerging technologies to increase automation of the indirect tax process, deciding whether to in-source or outsource new compliance obligations, and understanding the audit environment in new jurisdictions.