By the Numbers
Tax Transformation Trends
As digital transformation becomes more urgent, companies are relying on tax-focused perspectives to help them navigate the challenges that come with such change. Last June, Deloitte released its latest installment of its three-part Tax Transformation Trends series, which reports on survey findings from 300-plus tax and finance executives across the… Read more »
KPMG Survey: Responding to Inflation
In the recent 2022 KPMG Inflation Survey, 300 chief financial officers and financial executives were surveyed in order to provide insight into how their organizations are adapting to inflation in the short and long terms. Challenges such as supply chain woes, rising interest rates, and labor cost issues top the… Read more »
Trending Now: Corporate Citizenship
As companies aim to better align their brands and values with environmental, social, and governance initiatives, they’re looking to corporate citizenship as a driving force. According to an early 2022 survey conducted by the Conference Board, charitable giving was set to increase even more in 2022 than it did in… Read more »
Tax Outlook 2022: The Halfway Mark
Earlier this year, BDO published the findings of its 2022 BDO Tax Outlook Survey, which aimed to gather data surrounding tax departments’ planning strategies, biggest concerns, and tax technology, among other topics. The good news is that the vast majority—seventy-two percent—of survey respondents said their tax departments were thriving, and… Read more »
TAA in 2022
Last fall, the New York State Society of Certified Public Accountants released results from a survey about tax analytics and automation (TAA). The survey aimed to gather data about and insights into the benefits, applications, integration, obstacles, and regulatory environment surrounding TAA technologies. Although it appears that the in-house tax… Read more »
Bloomberg: D&I in the Workplace
Diversity and inclusion (D&I) is one of the leading initiatives recognized by corporate tax and accounting firms and professionals, spurring several firms to conduct studies on the issue over the past few years. Bloomberg Tax’s recent report, Diversity and Inclusion Study: The Struggle to Meet D&I Goals, includes data from… Read more »
Direct Insights on Indirect Tax
Around half of Thomson Reuters’ survey sample for its March 2021 Corporate Tax Department Report were tax departments with responsibility for indirect tax. Overall, according to the report, these departments indicated a belief that significant change is on the horizon, particularly pertaining to technology, processes, and human capital. In a… Read more »
Breaking Down Tax for the S&P 100
President Joe Biden’s proposed tax changes include an increase to the corporate tax rate, which Congress under former President Donald Trump lowered to twenty-one percent with the passage of the Tax Cuts and Jobs Act of 2017. Any changes Biden hopes to make likely will face a long, arduous battle… Read more »
High Priority: Tax Technology Implementation
According to Thomson Reuters’ 2020 Corporate Tax Departments Survey: New Technology Demands New Skills & New Attitudes, the role of the tax technologist is increasingly important, and tax departments need to decide whether to teach technology to tax professionals or hire technologists who can be taught about tax. On top… Read more »
What’s in a Decade?
KPMG regularly compiles data on corporate tax rates around the world and organizes that data for its customers and member firms. The company recently shared data from the past ten years highlighting corporate tax rates organized by country, continent, and demographic or political region (such as Latin America, the European… Read more »
Prepare for Public Country-by-Country Reporting With public country-by-country reporting (CbCR) on the horizon, companies with…
Question: How Can Companies Take Advantage of Digital Assets With No Tax Impact? Digital-asset-based loyalty and reward programs allow companies to create a…
The Rise of the Excise Tax In August 2022, Public Law No. 117-169—commonly called the Inflation…
Optimizing Your Tax and IT Stack Tax leaders, tax technologists, chief financial officers (CFOs), and chief…
Who Is the Customer? Compared to the complexity of cost-of-performance (COP) sourcing of services…
Navigating Tax Risk in the Modern Era: Why Tax Technology Is Essential In today’s ever-changing tax world, managing the organization’s tax risk…