Key takeaways The problem most global enterprises are facing today Most organisations don’t fragmentation coming. They start with one country, one vendor, one integration. It works. Then they add a…
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AI in Tax: What tax and accounting professionals need to know
Artificial intelligence (AI) and machine learning (ML) offer substantial cost-saving potential in nearly every sector of the global economy. There is no doubt that AI is rapidly gaining traction in…
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Reimagining Global Taxation: Voices from the Frontlines of Global Minimum Tax Transformation
As Pillar Two reshapes the international tax landscape, Thomson Reuters explores how multinational enterprises (MNEs) across Asia Pacific and the Middle East are responding to one of the most significant…
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Pillar Two: What it means for non-US headquartered multinationals
The G7’s announcement regarding a potential exemption for some US-based multinationals from certain aspects of Pillar Two has made waves, but what does it mean for large multinationals headquartered in…
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President Trump’s tariffs: What tax and accounting professionals should know
The Trump administration made headlines with its imposition of additional tariffs on goods from various countries, including China, Mexico, and Canada. These tariffs, essentially taxes on imported goods, sent ripples…
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Leveraging the Orbitax Global Minimum Tax Solution for BEPS Pillar Two in a Co-Sourced Model
The implementation of BEPS (Base Erosion and Profit Shifting) Pillar Two brings significant challenges for multinational enterprises (MNEs) navigating the global minimum tax rules. Unlike traditional outsourcing models, where compliance…
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September 2024: BEPS Pillar 2 Highlights
Belgium Accepting Advance Payments for Pillar 2 Global Minimum Tax (Approved) Belgium’s Federal Public Service (SPF) Finance has issued a release announcing that MNE groups subject to the Pillar 2 global minimum…
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August 2024: BEPS Pillar 2 Highlights
Australia Pillar 2 Global Minimum Tax Legislation Introduced in Parliament Australian Treasurer Jim Chalmers has announced the introduction of legislation in parliament for the implementation of the Pillar 2 global minimum tax,…
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May 2024: Pillar 2 Highlights
Estonia On 2 May 2024, Estonia published in the Official Gazette, the return requirements for the Pillar 2 global minimum tax of Council Directive (EU) 2022/2523. Estonia has opted to delay…
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Charting technology’s effectiveness for tax and finance professionals
Nearly three in four professionals surveyed (74%) noted that technology helps them, and their teams focus on more value-added activities.
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