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Exploring key 2024 tax bill proposals

ThomsonReuters

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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What are countries doing to implement OECD’s BEPS Pillar 2.0?

ThomsonReuters

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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The tortured journey of data: How tax technology speeds up tax compliance, provision, and reporting

ThomsonReuters

According to the “2023 State of the Corporate Tax Department” report by Thomson Reuters Institute, it is unsurprising that the primary objectives of corporate tax departments for the upcoming year, as indicated by 70% of respondents, revolve around enhancing operational efficiency. The time to act is now.

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E-invoicing and tax compliance in an increasingly complex, ever-changing world

ThomsonReuters

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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Artificial Intelligence is Revolutionizing Schedule K-1 (Form 1065)

ThomsonReuters

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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New report highlights key indirect tax challenges regarding compliance, technology, and e-commerce

ThomsonReuters

Corporate tax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. 10 questions to ask your tax team. Webinar: Building the modern tax department of the future: Embracing technology to drive your business.

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Should you consider an automated indirect tax system? 9 key questions to ask

ThomsonReuters

Browse our related resources to help you evaluate the benefits that indirect tax technology will provide you and your organization: White paper: Forrester Consulting study regarding the evaluation ROI on sales tax automation Blog: Calculating the benefits of indirect tax software: Making the business case Blog: How to make the business case for technology (..)