By the Numbers
Bloomberg: D&I in the Workplace
Diversity and inclusion (D&I) is one of the leading initiatives recognized by corporate tax and accounting firms and professionals, spurring several firms to conduct studies on the issue over the past few years. Bloomberg Tax’s recent report, Diversity and Inclusion Study: The Struggle to Meet D&I Goals, includes data from… Read more »
Direct Insights on Indirect Tax
Around half of Thomson Reuters’ survey sample for its March 2021 Corporate Tax Department Report were tax departments with responsibility for indirect tax. Overall, according to the report, these departments indicated a belief that significant change is on the horizon, particularly pertaining to technology, processes, and human capital. In a… Read more »
Breaking Down Tax for the S&P 100
President Joe Biden’s proposed tax changes include an increase to the corporate tax rate, which Congress under former President Donald Trump lowered to twenty-one percent with the passage of the Tax Cuts and Jobs Act of 2017. Any changes Biden hopes to make likely will face a long, arduous battle… Read more »
High Priority: Tax Technology Implementation
According to Thomson Reuters’ 2020 Corporate Tax Departments Survey: New Technology Demands New Skills & New Attitudes, the role of the tax technologist is increasingly important, and tax departments need to decide whether to teach technology to tax professionals or hire technologists who can be taught about tax. On top… Read more »
What’s in a Decade?
KPMG regularly compiles data on corporate tax rates around the world and organizes that data for its customers and member firms. The company recently shared data from the past ten years highlighting corporate tax rates organized by country, continent, and demographic or political region (such as Latin America, the European… Read more »
International Tax Competitiveness Update
Every country’s tax code is unique, but how do experts define and rank competitiveness around the globe? Each year, the Tax Foundation pulls together its evaluation of how countries in the Organisation for Economic Co-operation and Development structure their tax systems, titled the International Tax Competitiveness Index (ITCI). The index… Read more »
State Tax Updates in 2021
After 2020 brought about fewer tax changes due to shortened legislative sessions amid the COVID-19 pandemic, several states implemented significant updates to their tax codes this year. As highlighted in the Tax Foundation’s article, “State Tax Changes Effective January 1, 2021,” many of those changes were born out of laws… Read more »
Biden’s Business Tax Plan
With 2021 comes a new presidential administration in the United States, with Joe Biden set to take office on January 20. And with President-elect Biden, many changes to the corporate tax landscape are on the agenda. In an article titled “Details and Analysis of President-elect Joe Biden’s Tax Plan,” the… Read more »
Statutory Corporate Tax Around the World: The Past 20 Years
In its Corporate Tax Statistics: Second Edition, the Organization for Economic Co-operation and Development (OECD) recently looked at the tax landscape beyond its own member countries, evaluating adjustments in statutory corporate income tax since 2000. Generally, the OECD found that statutory corporate income tax rates have generally decreased on average… Read more »
Tax Technology Transformation in 2020
“The tax function of tomorrow must master data intelligence.” That’s how EY identified an “intelligent tax function” in its 2020 Global Tax Technology and Transformation Survey report. To keep pace with today’s ever-evolving demands, it’s essential for tax departments everywhere to bridge the gap between data and technology, and this… Read more »
Transfer Pricing in Transition Although states experienced significant tax revenue growth during the COVID-19…
Managing Canadian Tax Risk The global tax environment has seen fundamental changes in recent…
The One Big Beautiful Bill Act In July 4, President Donald Trump signed into law the…
Beyond Automation: Why Having a Human in the Loop Is Critical for Sales Tax Compliance The allure of sales tax automation is undeniable. Many companies,…
TEI Holds Third International Tax Student Case Competition TEI held its third International Tax Student Case Competition at…
Natalie Friedman In recounting her education, Natalie Friedman points out that she…