Section 174 Capitalisation of the Tax Cuts and Jobs Act (TCJA) has created confusion for many corporate tax specialists to work through in the coming months. Pending legislation is complicating matters even further. Panelists from the Thomson Reuters webinar, Section 174: What We Now Know, discussed these challenges, and provided key insights to help tax […] … Read More

In today’s rapidly evolving financial landscape, open banking has emerged as a game-changer, revolutionising the way financial institutions operate and interact with their customers.  Particularly prominent in the UK, open banking signifies a modernised method of sharing financial information and services through standardised APIs. It encourages collaboration and competition in the financial sector, giving customers […] … Read More

Most tax professionals know that dealing with forces beyond their control—and the costly disruptions they cause—is a way of life. Unfortunately, many tax departments are feeling a strain on their resources as a result of these events. This, in turn, puts tax departments at greater risk for even more audits and stiffer penalties. This trend […] … Read More

In the second installment of our three-part series on e-invoicing, we will explore how e-invoicing and continuous transaction control (CTC) regulations impact tax compliance, and examine some of the challenges and considerations that corporate tax teams may encounter. The purpose of this series is to help readers gain a better understanding of e-invoicing so that […] … Read More

As the Organisation 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. Pillar 2.0 aims to end the ‘race to the bottom’ on tax rates […] … Read More

It is no secret that customs duties can be a major source of expense for businesses. By considering the rules of origin under free trade agreements (FTAs), it is possible to reduce the costs of these duties by applying preferential duty rates. Rules of origin refer to regulations that establish the country of origin for […] … Read More