In the current landscape of complex and evolving tax regulations, corporations are increasingly relying on external accounting firms for critical tax and legal advisory services. Deloitte, a prominent name in the consulting industry, has identified this growing demand as a new area for expansion. Willem Blom, Deloitte’s global leader for its tax and legal departments based in the Netherlands, shared insights during an exclusive interview earlier this month.
The pace and scope of regulatory changes are posing challenges for businesses striving to keep up. As companies struggle with applying tax incentives related to green energy and other areas, they are turning to firms like Deloitte for outsourcing solutions. This trend is a testament to the mounting pressures on internal corporate tax and legal teams, who are often overwhelmed by the increasing volume and complexity of regulatory requirements.
Blom emphasized that the demand from clients for advisory services is on the rise. He noted, “More and more companies are looking to us as sort of advisers and saying it’s becoming harder and harder to keep up with all the new regulations.” While the specific details of Deloitte’s offerings were not disclosed, it is evident that the firm is positioning itself to capitalize on the demand for external expertise in navigating the intricate tax landscape.
For further details, the full article is available through Bloomberg Tax. As corporations navigate these complexities, it becomes crucial for them to strategically assess the benefits and implications of outsourcing, ensuring alignment with their broader business objectives and compliance obligations.