KPMG's Global Tax Technology Leader Brad Brown talks about the number of companies that are moving their tax departments from in-house to accounting firms, and how organizations who are exploring this option should best plan accordingly in order to avoid making shortsighted decisions.
VO: Tax departments are taking flight. After several major corporations moved their tax professionals -- and their work -- to accounting firms, a wave of companies are exploring these “lift outs.”
Brad Brown soundbite: In the last year, over 100 companies have come to us to rethink the future of their tax departments.
VO: But getting rid of the whole department can be shortsighted.
Brad Brown soundbite: We advise taking a more surgical approach. Look for pockets that are inefficient and leverage our significant investment in technology platforms.
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