Ernst & Young's Global Tax Risk Survey 2006

Corporate tax functions throughout the world are progressing in responding to intense levels of scrutiny and pressure caused by regulatory and other change. An independent survey of 474 tax directors and senior finance executives by Ernst & Young shows that time spent on tax financial reporting has increased 14%, while time spent on planning and routine tax compliance has decreased 8% and 13% respectively over the last two years. Read the full report here.