A surprising ROI-booster: Your tax team
With their deep knowledge of credits and incentives, tax experts can do more than just steer around regulatory obstacles on the road to reinvention.
Reinvention-focused CEOs with their eyes steadfastly fixed on the horizon shouldn’t overlook a powerful ally close to home: their tax team. An empowered tax function, working closely with your legal team, can add value and reduce costs, yielding bottom-line benefits that can help fund reinvention action. Understanding the tax implications of business model change can also increase the odds that the risk profile of your company is properly managed, your business strategy is aligned with overall tax policy, and your return on investment meets your strategic goals. And it can potentially increase profits by two to ten percentage points. The infographic above highlights five areas to focus on when working with your tax team on reinvention.
Continue reading about how your tax team can support reinvention.
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