ThomsonReuters

FEBRUARY 9, 2024

Under this act, if a corporation’s CEO or highest-paid employee’s compensation exceeds 50 times the median worker’s pay, the corporate tax rate would be increased by a penalty determined by the legislation. Stay tuned for further updates on these developments!

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Tax tax return Technology income tax 110

ThomsonReuters

OCTOBER 24, 2023

“One of the biggest challenges facing the the tax profession today is the increasing amount of data that must be processed to prepare financial statements. In addition, as businesses become more globalized, accountants must be able to account for transactions in multiple currencies,” wrote Benjamin Wann, owner of Asheville, N.C.

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Technology Tax corporation tax accounting and finance 52

ThomsonReuters

AUGUST 2, 2023

As the Organization for Economic Co-Operation and Development’s (OECD) ground-breaking Base Erosion Profit Shifting (BEPS) framework for taxing the digital economy is being implemented, countries around the globe are beginning to roll out the second of the OECD’s two BEPS pillars—Pillar 2.0. global minimum tax regime.

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corporation tax Tax financial statements Government 98

ThomsonReuters

MARCH 28, 2023

For example, a multinational corporation (MNC) that operates in thirty countries must keep track of all the regulatory changes in each jurisdiction in which it operates, as well as different data formats, filing requirements, and deadlines.

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Tax Technology corporation tax Government 59

ThomsonReuters

JULY 25, 2023

The earlier tax is involved in the discussion the better, however, because buy-in from the top is key. And even if the project gets approved, cross-departmental discussions and support – from accounts payable, procurement, finance, IT, etc. – are crucial, especially if the new ERP is going to enable enterprise-wide data-sharing.

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Technology Tax audit Sales 93

ThomsonReuters

JUNE 14, 2021

For more articles to help you transform your tax department, read our latest blog posts: K-1 Aggregation and International Filing Requirements white paper. AI-Enhance Processes and Decision-Making Are Revolutionizing Corporate Tax Departments. How Tech Can Help You Navigate the New Tax Rules and Tax Trends.

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Technology corporation tax Tax Real Estate 98

ThomsonReuters

NOVEMBER 15, 2021

Corporate tax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. Webinar: Building the modern tax department of the future: Embracing technology to drive your business. White paper: The Future of Tax Departments.

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E-commerce Technology Tax corporation tax 52