A new survey of 300 finance leaders in manufacturing, financial services and retail highlights the growing pressure companies face from faster-changing tax compliance mandates. The report found 58% of respondents describe new and ongoing domestic and global tax compliance mandates as complex, while 44% say they are changing too quickly to manage effectively. It also found 75% agree that tax compliance limitations prevent their organization from being more strategic in business decisions.

The takeaway for manufacturers is clear. Tax compliance is no longer just a reporting function. Clean data and modern systems are becoming essential to reducing risk, keeping pace with regulatory change and making faster business decisions.

“Manufacturers are dealing with more than tax forms. They are managing complex supply chains, multiple jurisdictions, enterprise resource planning systems and growing pressure to use better data,” said Jacob Sargent, director of public policy services for the Ohio Manufacturers’ Association. “The companies that modernize their finance and tax systems will be better positioned to manage risk, move faster and compete.” 5/5/2026