The geopolitical terrain is undergoing unforeseen changes, and certain prominent trends that had solidified in past decades are now experiencing a reversal. The regulatory and policy environment is both ramping up and diverging in critical areas. Multinational corporations and small businesses are facing significantly different challenges. And in a high-profile election year in many countries, […] … 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

Data is king in today’s fast-paced world of finance and tax. Yet, for many companies, the journey of data from disparate sources to financial close, tax returns, and reporting can be torturous. Data consolidation challenges, complex calculations, and reporting requirements can turn the trek into a daunting ordeal fraught with time-consuming inefficiencies and greater risk […] … 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