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
Exploring the transformative impact of SAP Clean Core on financial data management for streamlined operations and improved compliance. ← Blog home In the realm of financial data management, SAP Clean Core is changing the way businesses handle their financial information. This new strategy simplifies and streamlines financial data within SAP systems, propelling organizations towards enhanced … Read more
About 20 of the highest grossing businesses — including large medical care providers, big box retailers and some contractors — would’ve seen their taxes increase to $100,000 or more. For example, a medical office whose gross receipts total $167.6 million annually would have paid $586,500, under the proposal, a more than 19,000% jump, according to … Read more
Even with control of the White House and Congress up in the air, lawmakers and lobbyists are gearing up for a big debate next year over expiring measures in former President Donald Trump’s tax law. President Biden’s decision not to seek re-election is upending expectations about who will control Washington next year. But there is … Read more
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
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
Union Budget 2024: Industry leaders requested a host of considerations in the upcoming full Union Budget 2024 during their pre-Budget meeting with Finance Minister Nirmala Sitharaman on June 20. Expectations listed by India Inc. during the two-hour interaction include a reduction in the income tax burden for the common man, an increase in capital expenditure, … Read more
As loyal Vault readers know, the lead-up for Washington to confront the expiring Trump tax cuts at the end of 2025 is in full swing. That’s already playing out at full speed in the lobbying world, giving a hint of the frenzy to come and the money on the line next year. Big business groups are springing into … Read more
Corporate India on Tuesday urged the government to introduce simplicity, consistency, and rationalisation of the capital gains tax regime in the upcoming Budget, noting that past policy decisions had led to a complex structure.At their pre-Budget meeting with Revenue Secretary Sanjay Malhotra and top revenue department officials, leaders of Indian Industry also called for status … Read more
WASHINGTON (AP) — Former President Donald Trump told an influential group of CEOs that he wants to further cut the corporate tax rate he lowered while in office, while President Joe Biden’s chief of staff separately told them that the Democratic incumbent’s emphasis on global alliances would help their businesses.Both Trump, the presumptive Republican nominee, … Read more