25 March 2025 Tax departments evolve: Companies embrace outsourcing for compliance US companies are increasingly turning to outsourcing and co-sourcing their business tax compliance functions. According to the 2024 EY Tax and Finance Operations survey (TFO Survey), 54% of tax department leaders say they are rethinking their operating models and respondents say co-sourcing is the most important change they're considering. This shift is driven by growing complexities in tax regulations, a shortage of skilled professionals, internal budget constraints and rapid advancements in technology. By leveraging an outsource or co-source model, tax departments gain flexibility, access to subject-matter professionals, operational efficiencies, risk management, potential cost savings and access to leading-edge technology. Learn more in this EY article. Document ID: 2025-0754 |
