From www.pwc.com.au: In a recent Tax Briefing, PwC experts discussed the integration of data and technology into tax functions, highlighting that 41% of tax professionals prioritize effective data usage before implementing new technologies like generative AI.

The briefing featured insights on recent Australian tax developments, including an inquiry by the Productivity Commission aimed at reforming the corporate tax regime to attract foreign investment.

Technology has the potential to streamline tax processes while addressing challenges related to data accessibility and the importance of maintaining data quality during implementation.