transparency

KPIs: Why corporate tax departments need to measure them for success – Thomson Reuters Institute

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KPIs: Why corporate tax departments need to measure them for success - Thomson Reuters Institute

Key performance indicators can drive efficiency, accountability, and strategic success in corporate tax departments, but only if they’re measured and tracked There is a limit to the external factors that impact business professionals; however, anticipating and preparing could be the best defense. In a recent Thomson Reuters Institute report, Challenges and Changes in Indirect Tax … Read more

Beyond connectivity, MTN’s tax contribution accelerates Africa’s growth | MTN.com

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Beyond connectivity, MTN’s tax contribution accelerates Africa’s growth | MTN.com

MTN Group’s commitment to shared value in Africa extends beyond providing essential connectivity. In 2023, our total tax contribution to governments across all markets increased by more than 12% to R61.7 billion. This figure encompasses the direct corporate taxes we pay, indirect taxes, operating licence fees, payroll taxes, property rates, dividend taxes and withholding taxes. “Our … Read more

The NJ budget: More taxes, less transparency and why we will all pay more in 2025

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The NJ budget: More taxes, less transparency and why we will all pay more in 2025

3-minute read Audrey Lane  |  Special to the USA TODAY NetworkI spent the days leading up to passage of this year’s New Jersey state budget at the Statehouse in Trenton.  It was an eye-opening and, at times, frustrating experience. Our state’s economic and fiscal policies are resulting in deficit spending, and the process surrounding those policies … Read more

Lower personal, business income taxes take effect in Georgia • The Georgia Virtue

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Lower personal, business income taxes take effect in Georgia • The Georgia Virtue

(The Center Square) — Several tax changes took effect on Monday, the start of fiscal 2025, including a decrease in Georgia’s personal and corporate income tax rates. House Bill 1015 lowers Georgia’s personal income tax rate to 5.39% from 5.49%, while HB 1023 sets the corporate income tax rate — previously 5.75% — to the same level as … Read more

Caribbean unionists address corporate tax justice at capacity-building workshop

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Caribbean unionists address corporate tax justice at capacity-building workshop

On June 6-7, 2024, over 20 union representatives from the Caribbean region convened at the historic headquarters of the Antiguan Workers’ Union for a workshop on corporate tax justice and sustainable development models. The event, part of the NUTJ’s global capacity-building efforts, featured insights on corporate tax avoidance, emphasising the necessity of analysing CIT policy … Read more

How GenAI is changing corporate tax and what businesses can do about it

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How GenAI is changing corporate tax and what businesses can do about it

Generative Artificial Intelligence (GenAI) is beginning to manifest itself in corporate tax, presenting both advantages and concerns. As a transformative technology capable of generating human-like text, code, and other creative content, GenAI is posed to reshape the tax landscape.   Understanding the shift in GenAI adoption  The desire to use GenAI in corporate tax has seen … Read more

How the US is stalling hard-fought global tax reform

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How the US is stalling hard-fought global tax reform

It all seemed too good to be true: a global campaign to stamp out tax avoidance and harmonize international tax rules for companies that operate across national borders.At the forefront of the transparency drive is a minimum tax rate for multinational corporations, no matter where they operate. No more exploiting tax loopholes and shifting profits to countries with … Read more

How to Successfully Start an AI Business in 2024

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How to Successfully Start an AI Business in 2024

Artificial intelligence (AI) is one of the most innovative and disruptive technologies in recent decades. The AI market has expanded rapidly as more organizations recognize the value of leveraging big data to make intelligent business decisions and improve customer experiences.Moreover, the rise of large language models (LLMs) and generative AI platforms, such as Open AI’s … Read more

FACT Calls on Congress to Eliminate Wasteful Corporate Tax Break, Supreme Court Issues Landmark Tax Ruling: Just the FACTs 6/25/24

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FACT Calls on Congress to Eliminate Wasteful Corporate Tax Break, Supreme Court Issues Landmark Tax Ruling: Just the FACTs 6/25/24

“Just the FACTs” is a round-up of news stories and information regarding efforts to combat corrupt financial practices, including offshore tax haven abuses, corporate secrecy, and money laundering through the financial system. Send feedback or items for future newsletters to Thomas Georges at tgeorges@thefactcoalition.org Here is the State of Play FACT Calls on Congress to … Read more

Big oil companies reject tax transparency push by activist investor – ICIJ

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Big oil companies reject tax transparency push by activist investor - ICIJ

Shareholders at three of the world’s largest oil companies recently turned down tax transparency proposals from an activist investor. At Chevron, a proposal to publicly report the company’s earnings and tax bills in every country where it operates was defeated on May 29; 85% of votes were against the proposal. The shareholders followed recommendations from … Read more