Recent Release | 24 Jul 2023

Why five years of transforming tax and finance functions is paying off

Thought Leadership Team

Oxford Economics

Taxes

New tax operating models in the last five years delivered value to businesses, our survey shows. The next five years will add even more.

With budgets tightening, rapid legislative change, and talent management difficulties, tax and finance functions are dealing with a confluence of pressures inhibiting them from delivering value. To explore how tax and finance functions are tackling these challenges and can transform to success, EY commissioned Oxford Economics to survey 1,600 tax and finance professionals, with the findings underpinning this report.

What defines a leading tax and finance function succeeding in the face of today’s confluence of pressures? With budgets tightening, rapid legislative change, endlessly accelerating data and technology developments and a radically shifting talent environment, including a continued shortage of accounting and tax professionals, tax and finance divisions across the globe face significant turbulence.

To uncover how they are adapting to these pressures and understand leaders best practices, Oxford Economics worked with EY in surveying 1,600 tax and finance professionals across 32 jurisdictions and 18 industries.

The report breaks down the survey findings into four main areas:

The experts behind the research

Our Thought Leadership team produces original, evidence-based research made accessible to decision-makers and opinion leaders. Principals for this project included:

John Reiners

Managing Editor, UK & EMEA, Thought Leadership

Jamie Snowdon

Senior Research Analyst, Thought Leadership

James Pendlington

Research Manager, Thought Leadership

Maximilian Vickers

Research Associate, Thought Leadership

Read the report

Complete the form below to download the report.

You might also be interested in

Experian / Oxford Economics Main Street Report

Experian/Oxford Economics’ Main Street Report brings deep insight into the overall financial well-being of the small-business landscape, as well as provides commentary on what specific trends mean for credit grantors and the small-business community.

Find Out More
The Economics of Reduced-Risk Products: Global policy landscape and principles for policy treatment

In this study, Oxford Economics assesses the policy landscape for ‘Reduced-Risk Products’ in the tobacco market, and explores the potential health and economics consequences of taking a precautionary policy stance against them.

Find Out More
The Economic Impact of China PNTR Repeal

This study provides rigorous analysis to inform policymakers on the potential impact of an escalation in US-China tariffs. We examine how removing China's Permanent Normalized Trade Relations (PNTR) status would affect the US economy, finding that tariffs would cause substantial output and job losses.

Find Out More
Disney’s Effect on Fueling Florida Economy, Jobs and Tourism

Walt Disney World Resort, one of the world’s most visited vacation destinations, generated $40 billion in economic impact across Florida and more than a quarter of a million total jobs in fiscal year 2022, according to a study from Oxford Economics.

Find Out More