It is not uncommon for tax departments to struggle with creating visibility on TP & IC Margin data for ongoing monitoring as well as in preparation of yearly documentation needs. As a matter of fact, an independent EY study shows that only 7% of companies use systems which process data automatically from ERP / Accounting systems and segment it according to tax process requirements.
In the latest issue of leading German Tax Technology publication REthinking:Tax our CEO Divya Vir Rastogi and EY partner Dr. Frank Schöneborn discuss reasons for this problem as well as possible solutions, including the creation of a business case for digitizing the operational management of TP.