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
Despite repeated warnings about the potential once-off nature of corporation tax receipts and the concentration risk of having so few firms paying the bulk of the money, Ireland continues to hit the business tax jackpot.Revenue from the tax swelled to a record €23.8 billion last year, almost six times the amount garnered in 2014. It … Read more
This is a guest column from Matt Silasiri, the Marketing & Business Development Manager at Sunbelt Business Advisors.President Biden bowed out of the 2024 Presidential race. But the clock is still ticking on the Trump-era tax cuts. And President Biden’s proposed budget, including substantial tax increases, is still in play.Business owners who are considering a business exit in the … Read more
A lot of investment has been undertaken for touristic development ranging from hotels to quality places of entertainment and even more important addressing the upgrading of staff, food and service. Previous years with the tourist arrivals have been increasing by approximately 8% p.a. and this, coupled with the planning relaxation given by the then Government, … Read more
The Biden administration and a Democratic-controlled Congress imposed a new tax on corporate stock buybacks as part of the Inflation Reduction Act passed in 2022. It hasn’t gone well. Corporations use stock buybacks to grow. Buybacks signal to a company’s shareholders that the company’s investments are in demand and that the firm is in good financial health. That incentivizes investors to want to … Read more
With market analysts increasingly pricing in the likelihood of a Donald Trump victory in the US presidential election in November, investors are eyeing three specific sectors expected to benefit from his administration’s policies. “A potential return to the White House brings with it expectations of a hawkish trade policy, less regulation, looser climate change regulations, … Read more
July 9, 2024 at 9:00 PM Aces/SplashNews.com / Aces/SplashNews.com The 2024 presidential election is top of mind and, if you are a shareholder in a company, you might be paying more attention to Donald Trump’s campaign in the upcoming months. Not only will you cast your vote for the next president of the United States … Read more
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
The Kenya Revenue Authority (KRA) missed its target for the full year ended June by Sh267 billion, hurt by reduced corporate profits and job cuts in a period when businesses were devastated by the depreciation of the shilling and high energy prices. The taxman collected Sh2.22 trillion in ordinary revenue, an increase of 9.5 percent … Read more
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