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the rise of data analytics is changing the tax profession in a number of ways itamp;#39;s affecting tax compliance tax planning and tax controversy itamp;#39;s even affecting taxes and financial reporting letamp;#39;s start with tax compliance which includes filing Accurate Tax Returns on time and staying compliant with tax laws and regulations companies are increasingly automating the collection of raw unstructured tax data the sending of tax documents to contractors and the filing of forms so that the correct tax forms are sent to the correct tax Authority this is particularly important for companies that do business globally and have to comply with tax laws and hundreds or thousands of jurisdictions that have different rates and different exemptions that change from year to year some firms are now pulling data from multiple different sources into a single tax data warehouse which reduces manual data entry and allows the company to transform and clean the data after itamp;#39;s b
