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CFO Insights — What CFOs want from chief tax officers

Published on: May 31, 2018

As companies process the implications of tax reform, they may be discovering that there is not much that’s simple about it. In the process, the importance of the tax function — and, in particular, the chief tax officer’s role — has taken on new meaning.

In fact, in the Q1 2018 CFO Signals™ survey, some 33 percent of CFOs noted that the fallout from tax reform is leading them to strengthen or restructure their tax functions. Moreover, given the complexity of implementing the law (60 percent) and the difficulty in communicating its implications (30 percent), CFOs are expecting more from their chief tax officers than ever before.

But what exactly are they expecting? To find out, we sifted through materials associated with some of the 206 Tax Executive Transition Lab™ sessions Deloitte has delivered since 2012. These one-day workshops help chief tax officers onboard into their new role and are guided in part by interviews done with their CFOs in preparation for the session.

This issue synthesize key lessons learned from interviews, as well as knowledge gained from our CFO Transition Lab™ sessions to determine what CFOs want from their chief tax officers.

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