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. The 2024 State of the Corporate Tax Department report by Thomson Reuters Institute highlights these pressing issues, making a compelling argument for increasing technology budgets to unlock new levels […] … Read More

With over 150 years of trusted content knowledge and expertise in global trade, compliance, and regulatory requirements, Thomson Reuters understands that maintaining an impeccable corporate governance record in today’s complex environment is extremely challenging, and mistakes can be very costly. The rapid increase in accessible data across disparate and unconnected systems makes keeping track of […] … Read More

As international trade continues to evolve, the complexities of supply chain management have become more challenging than ever. With shifting geopolitical dynamics, regulatory changes, and technological advancements, global trade specialists are tasked with staying informed and agile to manage the intricate web of international commerce. The 2024 Global Trade Report sheds light on these multifaceted […] … Read More

In the high-stakes world of business, accurate statutory reporting is crucial to avoid potential financial and reputational consequences. Surprisingly, statutory reporting processes are often overlooked or neglected in organisational improvement initiatives, even though they are recognised as a critical business need. As regulatory scrutiny tightens, even minor mistakes can lead to costly pitfalls. The extensive […] … Read More

The rise of continuous transaction controls (CTCs)—and the increasing number of other digital real-time controls being implemented every year—makes managing indirect tax more complex and riskier than ever. In many jurisdictions, you must now ensure that your assessment is correct at the moment of the transaction, if not before. There’s no time to review it and […] … Read More

In the industries of business and finance, statutory reporting is a cornerstone of transparency and compliance. Statutory reporting is a critical process for multinational corporations, involving the preparation and submission of financial statements to comply with legal obligations across various jurisdictions. By engaging in statutory reporting, corporations avoid significant fines, maintain their financial accuracy, and […] … Read More