Address the urgent need for new digital skills and prevent the taxman from surpassing your business insights, seize control of your data now with PwC's Tax Disruption Academy.
The taxman is currently developing digital superpowers. If you thought governments were slow to adopt the latest technology, check out our Tax Disruption Report 2021/2022. With the authorities quickly improving their skill set, tax professionals need superpowers of their own.
To avoid nasty surprises and avoid a situation where the taxman knows more about your business than you do, you need to get a handle on your data. You need to learn how to gather, check, process, analyse and secure it more efficiently – and present it persuasively to your stakeholders.
The Academy's training equips businesses with the knowledge and tools to gain a competitive edge in their industry. By staying up-to-date with the latest technological development a tax function can make better informed decisions that give them a competitive advantage. This may include optimising financial planning and responding more easily to changes in tax laws.
Through the Academy's training, businesses can develop a more effective approach to managing their tax obligations. This includes identifying new risks emerging from digitally enhancing tax authorities. Enhanced tax strategy can lead to a stronger brand, cost savings and improved financial performance.
The Academy's training helps businesses understand and mitigate potential tax-related risks stemming from digitally enhancing tax authorities. By effectively managing tax-related risks, businesses can avoid legal complications, financial penalties, and reputational damage
About the sessions:
With a practical, hands-on approach, we aim to give an appreciation of the various technical tools available and their advantages and limitations. Tax professionals can then get a real feeling of the technology and think about how they can be employed in their daily work.
Basic automation (rule-based approach)
- Common data issues and the tools available for extracting, transforming, blending and leveraging data
- Introducing you to Extrac, Transform, Load (ETL) and Robotic Process Automation (RPA) tools
- Automating tasks on a small scale
Advanced automation (data-based approach)
- How machine learning and artificial intelligence can support you
- The principles behind common ML and AI tools, what they can do, and their limitations
- Introducing you to natural language processing, large language models and generative AI
- An overview on how to get your data
- And how to handle and manage your data
- Insights into cyber security
Advanced visualistion/ Analytics
- How to visualise data for meaningful conversations on the basis of your own analysis
- The benefits of data visualisation programs, and how to use them to build dashboards and do simple analysis for presentations to stakeholders
- Introducing you to software tools such as PowerBi
The new world of tax
- Working with external data
- Overview of the current trends in tax supervision
- An outlook how tax functions and tax strategy must evolve
- Join one of the five sessions
- Choose what suits you best
- Combine different sessions together
- Join all five sessions
- Profit from a holistic approach
- Don't miss any learning
In the spotlight
We are currently witnessing the most recent stage of the digital revolution: the digitalisation of the public administration. Tax will be at the forefront of this development. Tax authorities are investing heavily in new technologies that will equip them with ‘superpowers’.
Tax disruption presents organisations with two fundamental tax-related challenges at the same time. Companies must not only learn to deal with digital tax authorities, but also transform their in-house tax functions simultaneously.
Digitalisation meets tax authority
Digital technologies are giving the public authorities unparalleled scope for action, especially when it comes to monitoring and enforcing compliance with the law. The resulting massively tighter control will be possible at negligible cost – what we call the Zero Cost of Control phenomenon. In this white paper we explain why the corporate world should be preparing now for the imminent digitalisation of tax authorities.
The preparation for the digital world of tax
Using digital technologies at scale on data digitised by the private sector will give tax administrations ‘superpowers’. These new capabilities will bring transparency to the taxpayer-authority relationship, fundamentally changing it. This will uncover any tax-related incoherence and confront corporate taxpayers with many uncomfortable questions.