Along with other industries, the technology industry is also struggling with global supply chain disruption, material scarcity, rising transportation costs, unpredictable shutdowns, and an industry-wide labour shortage.
Though tech is in high demand, a string of recent events has diminished trust in tech corporations, globally. Calls for tech companies to be more transparent are growing increasingly louder, and they extend to tech companies’ tax contributions. This coincides with the emergence of tax rules aimed at recouping tax revenue from organisations that operate across borders (since most tech companies do).
2021 revealed the resiliency of the tech industry and inspired innovation amid spikes in demand. From impending tax changes to a booming deal environment to supply chain shortages and more, the tech industry is in for a memorable 2022.
Read BDO’s 2022 Tech predictions and see how you can prepare your business for the upcoming year.
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