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

JULY 25, 2023

Thomson Reuters: If a business is doing tax determination and rate management manually, is it feasible that the tax team can keep up? Thomson Reuters: Are there risks with non-tax professionals determining tax? The software keeps all the rules, policies, rates, and codes up to date.

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Technology Tax audit Sales 93

ThomsonReuters

NOVEMBER 15, 2021

Corporate tax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. When it comes to e-commerce and digital services, however, it is not always easy to know what tax rates apply in any given jurisdiction. And in the U.S.,

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E-commerce Technology Tax corporation tax 52

ThomsonReuters

MARCH 28, 2023

In countries where real-time reporting and E-invoicing are combined, sellers are often required to submit e-invoices to a central government authority for approval even before a sale can take place. E-invoicing and tax compliance in a changing world can be expensive and time-consuming, but with the right solution, it doesn’t have to be.

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Tax Technology corporation tax Government 59

ThomsonReuters

NOVEMBER 12, 2021

E-filing is becoming mandatory for the filing of taxes in many countries, as well as for many of the documentation filings that are required by BEPS. Consider updating your tax technology to gain control and transparency by taking advantage of automated data management and easy access to relevant tax content.

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tax planning Tax corporation tax Technology 52

ThomsonReuters

DECEMBER 13, 2021

And some feel it’s pointless to consider a new tax engine before ironing out other data issues with their enterprise resource planning (ERP) system. Read the 2021 indirect tax report for insights on how global tax leaders have successfully transformed their corporate tax teams into strategic advisors.

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Technology Tax corporation tax audit 52

ThomsonReuters

AUGUST 25, 2021

Not all companies think about indirect tax automation in the same way, and different companies are at different stages in their technological journey. Where is your indirect tax team in the journey to becoming more technologically sophisticated? Tax automation is more than just a trend.

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Technology Tax corporation tax E-commerce 52