Perspective

The Rise of AI

It seems that almost everyone is talking about artificial intelligence (AI) these days—and for good reason. Ray Grove, head of product for Thomson Reuters, who leads its transactional compliance space, has an interesting perspective on this issue, so senior editor Michael Levin-Epstein sat down with him recently to find out… Read more »

ChatGPT and Generative AI Study Yields Insights Into Tax Technology

Since the public release of ChatGPT in November 2022, mass media outlets have hummed with predictions about the risks and rewards of ChatGPT and other generative artificial intelligence—programs that generate text, images, and other media in response to prompts. But ChatGPT and generative AI are not just buzzwords. They could… Read more »

The Growing Importance of ESG for Corporate Tax Departments
What’s tax have to do with environmental, social, and governance issues? A lot

For many reasons, organizations in diverse industries and sectors of the economy are becoming more cognizant of ESG (environmental, social, and governance) issues. We wanted to get a better handle on what’s happening in this arena and why tax departments should be interested, so we turned to Nancy Hawkins, vice… Read more »

Talent and Technology— Important Intertwined Issues
An interview with Thomson Reuters’ Robert Bahash

Michael Levin-Epstein, Tax Executive’s senior editor, interviewed Robert Bahash, general manager of Thomson Reuters’ corporate tax and trade business unit, for this Perspective article in December 2022. Michael Levin-Epstein: I know that you’re coming off Thomson Reuters’ big SYNERGY conference attended by about 1,000 tax professionals, so you’re keenly aware… Read more »

Why Corporates Need a Data-Driven Approach to Cash Management

With the S&P 500 down more than twenty-three percent through the end of September 2022, inflation up 8.2 percent during the same period, and the threat of recession looming more ominously by the day, it’s safe to say that corporate tax and finance professionals are feeling a little skittish about… Read more »

The Inflation Reduction Act: The Biggest Takeaways for Tax Professionals

On August 16, President Joe Biden signed the Inflation Reduction Act amid a ton of fanfare. A $700 billion, three-pronged bill that addresses health care, climate, and tax policy, the act is poised to shake up the tax landscape for years to come. The law is set to raise $300… Read more »

Are You Current on Superfund Excise Taxes?

If you’re a manufacturer or importer of chemicals and unfamiliar with Superfund excise taxes, which have recently been reinstated, this interview will give you peace of mind. It’s a discussion of the past, present, and future of Superfund excise taxes with Senay Redda, vice president of business development for indirect tax… Read more »

Digital Transformation in the Tax World

There’s no turning back when it comes to digital transformation in the tax space. But are you prepared to deal with it head on? To get a professional perspective, we turned to an expert who’s been navigating this digital sea change from its beginnings. Satnam Singh, chief product officer for… Read more »

A Rise in E-Commerce Puts Pressure on Tax and IT

Accelerated by the COVID-19 pandemic, e-commerce activity around the globe has skyrocketed over the past year. The rise in online selling brings with it added processing of sales tax. As a result, tax and IT teams and their enterprise resource planning (ERP) and transactional systems have been put to the… Read more »

Payroll Tax Credits and PPP Interplay: Enter the IRS Employment Tax and SBA PPP Loan Audit

It’s time to have a conversation about audits, specifically the Internal Revenue Service employment tax audit and the Small Business Administration PPP loan forgiveness audit. Regardless of what industry or sector includes your organization, the COVID-19 pandemic forced all employers, big and small, to deal with new employment issues. Fortunately,… Read more »