What are countries doing to implement OECD’s BEPS Pillar 2.0?
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...
View ArticleE-invoicing basics for compliance professionals
As part of the transition to an all-digital economy, tax authorities around the world are implementing various forms of e-invoicing and/or continuous transaction controls (CTCs) to gain more control...
View ArticleThe tortured journey of data: How tax technology speeds up tax compliance,...
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...
View ArticleHow e-invoicing and continuous transaction controls (CTCs) impact tax teams...
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...
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Technology’s role in global trade management
In a recent webinar moderated by SupplyChainBrain editor-in-chief Bob Bowman, a panel of global trade experts gathered to discuss the Thomson Reuters 2023 Corporate Trade Survey Report, which explores...
View ArticleDoes your corporate tax department have an effective risk reduction strategy?
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...
View ArticleHow to keep up with the regional complexities of e-invoicing and CTCs: Part 3
In the first two installments of our blog series on e-invoicing and Continuous Transaction Controls (CTC), we discussed the basics of e-invoicing and how it affects tax teams and compliance efforts. In...
View ArticleThe impact of open banking on auditors
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...
View ArticleThe future of Global Minimum Tax: What to expect in 2024
In 2024, the new Global Minimum Tax (GMT) regime comes into force under the OECD’s base erosion and profit-shifting (BEPS) reforms. Designed to prevent the practice of moving profits to lower tax...
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Strategies for dealing with upcoming e-invoice mandates
Over the next few years, dozens of countries will be rolling out mandates for e-invoicing and continuous transaction controls (CTC) as part of a global trend toward the complete digitalisation of tax...
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Can’t stop what’s already here: Keeping up with trade developments in an AI...
Artificial Intelligence (AI) is not a new concept, but since the emergence of ChatGPT last year, the advantages versus the risks it could present as it becomes smarter and more prevalent have been...
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The shape of things to come: What does 2024 hold for global trade?
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...
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5 ways technology can strengthen a corporate tax team
Whether it’s regulatory requirements, such as DAC7, GMT, BEPS 2.0 Pillar, or the ongoing tax industry talent shortage, tax departments are under stress like never before. The proper utilisation and...
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How to save money in your supply chain
Maximising supply chain efficiency and minimising costs while managing compliance is a perpetual balancing act for companies as they navigate global trade. Compliance is often seen as a cost center as...
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Modernising tax management in an omnichannel retail landscape
Tax professionals involved in omnichannel retail industries face an unprecedented number of challenges these days. Calculating sales tax across different retail channels is complex due to various...
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3 insights for navigating Section 174 legislation
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...
View ArticleGlobal business challenges of tax and trade compliance in 2024
The complexities of understanding and managing indirect taxes when doing business within the UK can be daunting. In addition to a plethora of ever-evolving domestic regulations and requirements...
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Are you ready for tomorrow’s Direct Tax, AI, and technology developments?
The pace of change experienced by today’s tax departments feels unprecedented. And, amid this transformation, tax departments are facing a host of challenges, including growing complexity, talent...
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How to master the tax provision process
The mounting stress experienced by tax professionals related to the tax provision process is a double-edged sword. It can cause anxiety, but may also present tremendous opportunities, according to...
View ArticleUnveiling the methodology behind Thomson Reuters Cloud Audit Suite: A game...
Auditors are facing increased pressure every day to deliver high-quality audits in a timely and cost-effective manner. But challenges are everywhere. The regulatory environment is in a state of...
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