Current cost pressures and the increased need for regulatory compliance to avoid costly penalties from tax authorities have accelerated the adoption of tax outsourcing. Tax outsourcing lowers operating costs for organizations and provides them access to better quality, scalable talent and the ability to transform their tax functions. Organizations are leveraging tax providers’ services through various constructs such as tax advisory, technology support, managed services, and tax CoE setups. In this report, we explore the capabilities of different types of tax providers, such as the Big 4s, tax specialists, and traditional F&A managed services providers. Furthermore, we explore how the convergence of providers’ capabilities will likely characterize the tax service provider landscape’s future, as providers aim to be the jacks of all trades beyond their current primary area(s) of focus. Scope All industries and geographies Contents In this report, we examine: The recent evolution of tax sourcing The engagement between enterprises and tax service providers Tax service provider landscape’s recent evolution and future Memberships Finance and Accounting Sourcing and Vendor Management

With businesses gradually stabilizing in a post-pandemic world, tax functions are playing a greater role in helping organizations evaluate and determine their future paths. Broader organizational changes, such as supply chain restructuring and corporate transactions (M&As, divestments, carve-outs, joint ventures), all have tax consequences, making it important for organizations to align their tax strategies with business goals. The global tax landscape is also changing rapidly. Governments and regulatory bodies are implementing tax reforms to assist local businesses and national or local economies and creating opportunities for healthy cross-border relationships that have significant implications for the tax function. In light of this evolving environment, organizations need to develop a robust strategy for tax compliance management, as tax can have significant business impact on both the bottom line and the top line. In this viewpoint, we focus on the key challenges in tax compliance management, the key transformation enablers in the tax compliance process, outsourcing as a potential solution for effective tax compliance management, along with the future outlook for tax compliance. Scope All industries and geographies Contents In this viewpoint, we focus on tax compliance management and answer the following key questions: What are the key challenges in tax compliance management? What are the key transformation enablers in the tax compliance process? Is outsourcing a potential solution for effective tax compliance management? What is the future outlook for tax compliance? Membership(s) Finance and AccountingSourcing and Vendor Management