Features
Bots, Natural Language Processing, and Machine Learning
Yes, these will impact your tax practice, but when and how much are still unclear
Tax professionals in all industries run into a common problem: the constant confrontation with rapidly changing technology that is camouflaged by overly complicated terminology, with few people explaining things in language that laypeople can understand. Such is the problem when you start a conversation on, say, robotic process automation or… Read more »
The Internet, ‘Fake News,’ and Tax Research
Yes, they really do affect your bottom line
Before the days of the internet, tax research was conducted by tax professionals with access to information not readily available to the general public and followed high editorial standards. Corporate tax executives might have challenged the conclusions of the research, but they did not have to think twice about the… Read more »
How Adobe Streamlined Tax to Scale Its Business
Dramatic shift in online purchasing has ripple effect
Some of the statistics about consumption in the United States are truly jarring. There are more than three shopping centers for every high school, according to industry data and the Department of Education. For each person, forty-eight square feet of retail capacity exists, CNBC reported earlier this year. The average… Read more »
Playbook for a Successful Tax Technology Solution
Key to success: Engage tax technology and IT resources early and ensure continued involvement
The business and tax environments are changing rapidly, significantly affecting how corporate tax functions leverage technology, engage with their information technology (IT) departments, and execute technology projects. To adapt to challenging times, tax needs to reevaluate how it exploits data and technology and reconsider the skill sets needed to transform… Read more »
Reimagining the Future of Work
Talent-first strategy positions your people for unpredictable journeys
Recently, business media coverage has shifted from a heavy focus on the effectiveness of new technologies to a growing emphasis on the qualifications of the people who will use those tools most effectively. The lens has been recalibrated—away from which products, platforms, and algorithms make artificial intelligence (AI) and intelligent… Read more »
Indirect Taxes, Canada: Impact of Delivery Terms
Effect is significant on application of GST/HST on imports, exports, and sales
Canada imposes a five percent federal value-added tax called the goods and services tax (GST), which applies to the supply of most goods and services in Canada and to imports of most goods into Canada. Five Canadian provinces (Ontario, Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador)… Read more »
TEI Roundtable No. 15: A VAT in the United States—Fat Chance?
Will we ever enact a value-added tax, or is it just too political?
Many countries in the world have a value-added tax (VAT), including our neighbor to the north. But, so far, Congress has shied away from implementing a VAT in the United States, for—and let’s be real—mostly political reasons. But is it an impossibility? For this roundtable, we convened a group of… Read more »
Indirect Taxes: India
Goods and services consumption tax heralds new era
India is witnessing one of the most significant events in its fiscal history with the introduction of the goods and services tax (GST), a single comprehensive destination-based consumption tax. The country’s current indirect tax system consists of the following taxes levied by the federal and state governments: The GST framework… Read more »
Indirect Taxes, Canada: Cross-Border Developments
Court decisions, interagency tensions, and ETA amendments could significantly affect taxpayers doing business in Canada or with Canadian companies
Three recent Canadian goods and services/harmonized sales tax (GST/HST) developments may have significant consequences for and warrant close attention from those engaged in businesses either in Canada or outside Canada with business or financial interests in Canada, as well as their tax advisors. One of these concerns is whether the… Read more »
Indirect Taxes: United Kingdom
Brexit expected to affect tax policy for at least a generation
On June 23, 2016, the United Kingdom voted in a national referendum on whether the UK should remain a member of the European Union. It was a simple in-or-out question asked of the British people, of whom 51.9 percent voted to leave the EU and 48.1 percent voted to remain.… Read more »
An Overview of the EU Public Country-by-Country Reporting Rules The European Union (EU) has long been at the forefront…
Optimizing Tax Through Structured Data Storage and Data Pipelines In today’s fast-paced digital business environment, tax departments are under…
Preparing Now for 2025 Tax Legislative Activity Editor's note: This article was finalized prior to President Donald…
TEI to Comment on New Proposed Section 987 Regulations The US Treasury Department and Internal Revenue Service published new…
How Tax Insurance Can Be a Valuable Tool for Managing Transfer Pricing Risk in 2025 and Beyond Heightened regulatory scrutiny around the world has made transfer pricing…
TEI Welcomes New Staff, Promotes Team Member Erica Larkin Erica Larkin joined TEI in November as the…