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Corporate Tax Leaders’ Views on GenAI Have Flipped, EY Survey Finds

CPA Practice

A new survey from Big Four firm EY reveals that CFOs’ and corporate tax leaders’ stances on generative artificial intelligence have shifted over the past year—from mostly negative to mostly positive. Tax departments are expected to be the leaders for most organizations as they move quickly along the GenAI maturity curve.

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Maximizing tax department efficiency: The case for higher technology budgets

ThomsonReuters

← Blog home Corporate tax departments are facing mounting pressures due to a talent shortage and increasing regulatory complexities, such as Pillar 2 and Global Minimum Tax (GMT) requirements. Corporate tax departments are often stretched thin, making them susceptible to audits and penalties.

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Autumn Budget 2024 Commentary: Manufacturing

Menzies

Tax reliefs for the UK’s world-leading creative industries, which will provide £15 billion of support over the next 5 years. Some of this increase will be mitigated by a reduction in corporation tax which will reduce the impact on profitable businesses by up to 25% of the increase.

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Mississippi, Texas storm victims get tax relief

Accounting Today

3 to file various federal individual and business returns and make tax payments. 3 to file various federal individual and business returns and make tax payments. The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.) All rights reserved. 15, 2025. 31, 2025.

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Year-End Tax Strategies for Businesses

Withum

The corporate tax rate is currently a flat 21% rate. There is also a 15% corporate alternative minimum tax (CAMT) based on book income for companies with average annual adjusted financial statement income exceeding $1 billion. Please work with your tax advisor for future planning.

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The tax department renaissance: Talent shifts and technology innovations

ThomsonReuters

← Blog home The 2024 State of the Corporate Tax Department report by the Thomson Reuters Institute, in collaboration with tax executives, highlights the challenges and opportunities facing tax departments today. Nearly 40% of respondents in the report view hiring challenges as highly significant.

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Navigating political changes in the evolving tax landscape

ThomsonReuters

Jump to ↓ The current tax landscape Democratic and Republican Party tax plans Strategic planning amidst tax uncertainty In today’s dynamic political and economic environment, understanding the intricacies of tax policy has become more crucial than ever. election promises further potential shifts.

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