As worldwide legislative and regulatory changes make tax risk planning a top priority, many companies are aligning their tax strategies with their organization's overall enterprise risk profile, according to a survey of corporate tax directors by Ernst & Young.
Nearly half (44 percent) of tax directors said that their tax function's influence on executive-level business decisions has increased in the past year, and 41 percent expect that influence to increase next year, according to E&Y's report, "Tax Risk Management: The Evolving Role of Tax Directors." In addition, almost two-thirds of tax directors said that they're receiving more direction on tax risk matters than they were two years ago, and more than 75 percent said that they're now receiving active direction from three or more different areas within their organizations.
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