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Tax in Turbulent Times

Continuing our series on 'Tax in turbulent times' Gary Harley and Christopher Angus of KPMG LLP look at how improvements to the management of indirect tax can generate substantial cash benefits
Historically and particularly outside the UK tax has not normally been thought of as a cash-generating function but in difficult times when the business community becomes more focused on areas such as cost reduction and cash generation even the most unlikely areas can add value to the bottom line.
One area that is worth looking at particularly closely in the current environment is the contribution that can be made by improving the way companies handle their indirect taxes specifically VAT and customs duties. The potential benefits can be very significant both in terms of...

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