The Future of Professional Report highlights the significant impact of Generative AI (GenAI) on business strategies, with 94% of C-suite executives believing it will substantially alter their plans. Corporate tax leaders must embrace and integrate GenAI to succeed in the rapidly evolving digital landscape. However, effective integration requires careful planning and preparation. To leverage this … Read more
Abstract This paper offers a comprehensive analysis of Spain’s corporate tax system through the lens of the Laffer curve and Buoyancy index, assessing its efficiency in generating revenue. The study finds that Spain is nearing the Laffer curve’s optimal tax rate, beyond which tax revenue may decrease with rate hikes. The Buoyancy index reveals a … Read more
A recent report by the Thomson Reuters Institute illustrates how corporate tax departments are preparing to mitigate the obstacles brought by Brazil’s recent tax reform plan and ensure a seamless transition for their organizations The tax system in Brazil has been complex and challenging for businesses and individuals alike. So, to address this issue, the … Read more
The presidential race is unpredictable, but the legislative conversation in 2025 for the eventual winner is actually already determined. Nearly all of the Trump tax cuts affecting individual filers expire at the end of that year, as well as enhanced subsidies for Affordable Care Act exchanges. As I was told back in April, the near-term … Read more
Artificial intelligence and ERP systems are a critical way to optimize data management and streamline tax operations in corporate tax functions Corporate tax departments face many challenges in today’s complex and dynamic tax environment, having to deal with large volumes of data from various sources, ensure accuracy and consistency in tax reporting and compliance, and … Read more
Pennsylvania Gov. Josh Shapiro speaks during a campaign rally for Vice President Kamala Harris in Ambler, Pennsylvania, on July 29, 2024.Hannah Beier | Getty ImagesPennsylvania Gov. Josh Shapiro defended his support for “aggressive” corporate tax cuts, a position that could rankle some of his fellow Democrats but which has won him support from the state’s … Read more
Gov. Josh Shapiro of Pennsylvania, who is one of several Democrats in consideration to become Vice President Kamala Harris’s running mate, expressed on Tuesday his opposition to the proposed takeover of U.S. Steel by Japan’s Nippon Steel, citing his reservations about its potential impact on workers in his state.Mr. Shapiro’s comments came during an event … Read more
I’m tired of hearing Republicans claim that we should reduce taxes on corporations because corporate tax cuts create jobs. It’s untrue. Also untrue are the repeated Republican assertions that tax increases on corporations, and regulations requiring corporations to better protect the health and safety of their consumers and workers and the environment, are “job killers.” … Read more
Modi 3.0’s first Budget proposed to slash tax rates for foreign companies investing in India, a move seen as providing more fillip to inviting more overseas players as the Narendra Modi government seeks to grab the supply chain shift from China.The Budget was expected to be a transformative step towards achieving the government’s goal of … Read more
The pound could hit a peak of $1.40 by March next year, bolstered by a more promising economic outlook and the prospects of political stability, according to the CEO of a leading financial advisory and fintech. The bullish prediction from deVere Group’s Nigel Green comes as major financial institutions rush into the UK’s currency, which … Read more