Deloitte – US regional women in tax interview
International Tax Review is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Sponsored

Deloitte – US regional women in tax interview

Sponsored by

Sponsored_Firms_deloitte.png
Betsy Evans.jpg

Interview with Betsy Evans, US tax business services leader, Deloitte Tax LLP

1. What is the most significant change to your region/jurisdiction’s tax legislation or regulations in the past 12 months?

While not specific to the US, OECD pillar two represents one of the biggest shifts in global taxation in decades and brings a whole new challenge for tax – not only for data and income tax reporting but also for organisations’ operations to strategies for mergers and acquisitions, and even supply chain management. Understanding these changes is crucial for strategic growth and compliance.

2. What has been the most significant impact of that change?

Our clients have been planning to be ready to report on pillar two for their first-quarter financial statements in 2024, and some even had to address disclosure requirements for their year-end 2023 financial statements. It’s complex to implement, and financial reporting is the first order of business. Pillar two requires multinational enterprises to potentially provide more than 100 separate data points for each entity in an organisation. We’re helping our clients get ready for this reporting by advising them as they work through both the technical and technology challenges these rules present. Varying start dates in different countries will likely add to the complexity in the early years, as a result of the interconnectedness of the rules.

3. How do you anticipate that change impacting your work and the market moving forwards?

Understanding and adapting to these changes is key not only to staying compliant but also to seizing new opportunities that come with these regulatory shifts. Additionally, with country-by-country reporting, tax regulators around the world will have access to more information and increased transparency to a company’s data. We will continue to help our clients as they manage the data and the way they are reporting.

4. How has this changed the way you offer tax advice?

Pillar two is reshaping core business strategies, often necessitating a new approach to data management, reporting processes, technology, and fundamental strategic planning. With many countries adopting OECD pillar two, we expect there will continue to be a greater need for support around meeting pillar two’s complex reporting mandates in a timely manner.

5. What potential other legislative/regulatory changes are on the horizon that you think will have a big impact on your region/jurisdiction?

Given the upcoming elections, we don’t expect to see significant new tax legislation this year.

6. How are issues surrounding the taxation of the digital economy affecting your work?

Taxation of the digital economy is complex and continues to evolve. The digital economy’s borderless nature poses challenges in determining tax jurisdictions. This will be an ongoing global conversation.

Tel: +1 404 631 3260

E: beevans@deloitte.com

This document has been prepared solely for the purpose of publishing in the 2024 ITR World Tax Guide and may not be used for any other purpose. This document and its contents may not be reproduced, redistributed or passed on, directly or indirectly, to any other person in whole or in part without Deloitte’s prior written consent.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.

Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our people deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society, and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte’s approximately 415,000 people worldwide make an impact that matters at www.deloitte.com.

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms or their related entities (collectively, the “Deloitte organization”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.

No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.

© 2024. For information, contact Deloitte Global.

more across site & bottom lb ros

More from across our site

The ‘big four’ firm has threatened to legally pursue those behind the letter, which has been circulating on social media
The guidelines have been established in the wake of multiple tax scandals and controversies that have rocked the accounting profession
KPMG Netherlands’ former head of assurance also received a permanent bar and $150,000 fine; in other news, asset management firm BlackRock lost a $13.5bn UK tax appeal
The new, fully integrated office will also offer M&A, dispute resolution, IP and corporate tax services
The new guidance concerns a recent 1% excise tax on the repurchases of corporate stock for both US and certain foreign companies
Interpath has hired a managing partner from rival accounting firm BDO to lead the new operation
Survey results of over 28,000 in-house lawyers reveal that American in-house counsel place a higher value on the reputation of external advisers than their peers elsewhere
In an exclusive interview with ITR, Andrew Leigh also endorsed new legislation designed to prevent multinationals using complex corporate structures to reduce taxes
Nick Crama and Parwesh Bissumbhar, senior director and manager respectively at Alvarez & Marsal, outline practical advice for real estate managers to comply with DAC6 regulations
The finalists for the 13th annual awards revealed
Gift this article