In today’s rapidly evolving business landscape, companies of all sizes are upgrading their technological infrastructure to improve productivity and remain competitive. These “digital transformations” typically involve transitioning to a cloud-based business system, and they are important to corporate tax leaders because the tax function touches virtually every aspect of a modern organisation. Consequently, tax leaders […] … Read More

The emerging tax landscape for global corporate tax professionals is fraught with uncertainty and change. Political alliances around the world are shifting. International tax laws are in constant flux, and countries around the world are implementing various versions of the European Union’s (EU) BEPS 2.0 and Pillar Two rules, as well as the Global Minimum […] … Read More

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

The 2024 State of the Corporate Tax Department report by the Thomson Reuters Institute, in collaboration with tax executives, highlights the challenges and opportunities facing tax departments today. With talent shortages looming and technological advancements accelerating, tax departments are at a pivotal juncture. This post delves into the key findings of the report, providing valuable […] … 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

The indirect tax landscape is undergoing a profound transformation, driven by the relentless pursuit of efficiency, accuracy, and strategic advantage. A recent Thomson Reuters webinar underscored the critical role of technology and automation in reshaping the indirect tax department. This blog looks at the key challenges faced by tax professionals and explores the emerging technological […] … Read More