By the Numbers
OECD Report Highlights Corporate Tax Rate Stabilization
According to a recent report and accompanying press release from the Organisation for Economic Co-operation and Development (OECD), statutory corporate tax rates are stabilizing across the globe following a steady period of declining rates. In the OECD’s 2024 edition of Corporate Tax Statistics released in mid-July, average statutory corporate tax… Read more »
Comparing State Tax Systems
The March/April issue of Tax Executive highlighted some of this year’s state-level tax changes, including six states’ reduction of their corporate income tax rates. This issue, Tax Executive is looking to the Tax Foundation once again for insight into how states stack up against one another. Its State Business Tax… Read more »
EY Report: Governance Remains Front and Center Amid Risk and Controversy
In this new era of tax risk and controversy that emerged after a pause in enforcement during the COVID-19 pandemic, multinational businesses will need to stand firm with strong and effective tax governance. That’s the sentiment conveyed in EY’s latest report, Why Tax Governance Is Key in an Era of… Read more »
2024 State Corporate Income Tax Changes
Spurred by their emergence from the COVID-19 pandemic with revenue surpluses and a drive to mitigate the effects of inflation, states continue to ride waves of reform in 2024. This year, thirty-four states made changes to their tax codes, effective January 1. As detailed here, six states—Arkansas, Iowa, Kansas, Nebraska,… Read more »
Generative AI in Corporate Tax Departments
A recent report by Thomson Reuters highlights the use of generative artificial intelligence (AI) tools in legal, corporate, and tax environments. Among findings in related fields, the report, titled “Future of Professionals: ChatGPT and Generative AI in Legal, Corporate & Tax Markets,” explores whether, in particular, corporate tax departments are… Read more »
The Shifting State of US Tax Leadership
In the May 29 edition of Tax Analysts’ Tax Notes International, Tony Santiago, founder and president of TaxSearch Inc., discusses a shift in tax expertise due to the latest wave of leadership turnover and retirements. In this article, Santiago explores and shares strategies for filling job vacancies with younger-generation talent… Read more »
CTO Outlook
In KPMG’s “2023 Chief Tax Officer Outlook” study, the firm examined current and future challenges and opportunities that tax functions face. Drawing on data from KPMG’s fall 2022 survey of 300 CTOs, one-on-one interviews with a handful of CTOs representing a broad set of businesses, and input from KPMG’s tax… Read more »
Bloomberg’s 2022 Tax Department Trends
Bloomberg Tax recently released results from its 2022 Corporate Tax Department Benchmark Survey, titled “The Trends Shaping Tomorrow’s Tax Function.” Among the greatest challenges, Bloomberg found, were the perpetual juggling act related to compliance, staffing, and economic uncertainties; worries about risk; cost reduction; expanded involvement in nontax financial issues; understaffing;… Read more »
2023 State Tax Changes
Thirty-eight states rang in the new year with significant changes to their tax codes. Most of these state-level changes were spurred by a wave of rate reductions and other tax cuts over the past two years, greater tax competition during a time of greater mobility, and, of course, inflation, according… Read more »
Tax Transformation Trends
As digital transformation becomes more urgent, companies are relying on tax-focused perspectives to help them navigate the challenges that come with such change. Last June, Deloitte released its latest installment of its three-part Tax Transformation Trends series, which reports on survey findings from 300-plus tax and finance executives across the… Read more »
State and Local Tax Implications for a Remote Workforce State and local tax issues related to remote workforces have…
Tax’s Role in Tech Transformation As tax experiences its own transformation with technology, companies are…
Key Challenges and Opportunities for Tax Directors in a Tightening Economy Navigating a tightening economic cycle—characterized by prolonged high interest rates…
The Rise of the Excise Tax In August 2022, Public Law No. 117-169—commonly called the Inflation…
TEI Roundtable No. 48: AI Implementation in Today’s Tax Landscape As artificial intelligence (AI) gains traction throughout the business world,…
Question: How Can Companies Take Advantage of Digital Assets With No Tax Impact? Digital-asset-based loyalty and reward programs allow companies to create a…