The reality of Global Minimum Tax (GMT) (GloBE or OECD BEPS 2.0 Pillar 2) is here, as South Korea steps forward to be the first country to enact laws associated the OECD’s newly approved tax regime going into effect in January 2024. 137 countries covering 90% of the global economy signed a deal to enforce […] … Read More

Corporate tax teams are facing an array of risks, new and old, that complicate their ability to deliver an accurate and defendable tax provision within an ever-shrinking financial close window. These liabilities include new flexible work models; challenges accessing tax data and streamlining workflows; and regulatory developments, including global minimum tax, among other concerns. The […] … Read More

We presented a webinar on the theme of tax provision software; what companies are doing, and how OTP can help. We drew a contrast between high-risk, labour-intensive and inflexible ways of working, and our software, that helps to: –    Eliminate unnecessary manual entry –    Review faster than ever –    Analyse data in seconds A recording […] … Read More

On 20 June we presented a webinar called a “Year in the Life of a Taxologist” – a Taxologist being a tax professional who embraces the latest tax technology. In the presentation we considered the growth of the usage of tax technology by tax departments and reviewed the traits that would allow you to recognise […] … Read More