Lucy Jones provides guidance on how Lean efficiency philosophies can be applied to tax models
Taiichi Ohno at Toyota Motor Corporation developed Lean philosophy in the 1930s with the renowned Toyota Production system. In the automotive industry, rather than position themselves at the forefront of technology, Toyota’s success has come from producing high quality, reliable cars in an efficient and effective manner that takes less time and money. Over the years, the philosophy has spread across the world and to other businesses where in particular it has been used for Just-In-Time manufacturing. However, the same principles can be applied to almost any business area and the potential in tax is undoubtedly worth considering.