Tax Justice Network reports tax transparency is key to human rights Tax directors at multinational enterprises (MNEs) should embrace transparency, according to the latest Tax Justice Network (TJN) report, as advocacy groups link tax abuse to an infringement on human rights. By Alice Jones July 07 2021
This week in tax: 130 countries agree on minimum tax rate plan Most countries participating in the Inclusive Framework (IF) signed an agreement supporting a global minimum corporate tax rate this week. By Danish Mehboob & Josh White & Alice Jones July 02 2021
Data sharing is key to building a business case for tax technology Acquiring investment for tax technology is a key concern for tax directors as cash-strapped multinational enterprises (MNEs) tighten their budgets. By Alice Jones June 30 2021
Women in Tax: Tax teams are overlooked for career development Tax professionals working in-house at multinational enterprises (MNEs) are often overlooked by human resources teams. Developing a broad skillset and strongly advocating for opportunities will help with career advancement. By Alice Jones June 30 2021
Women in Tax: Ownership of tax technology projects is a key question for MNEs Tax, finance, and IT departments must agree on which team is responsible for maintaining technology systems to avoid disputes. By Alice Jones June 23 2021
Indian MNEs await solution on tax portal glitches The Indian Revenue Service (IRS) allowed manual filings of forms 15CA and 15CB after glitches with the Infosys portal left multinational enterprises (MNEs) unable to complete their tax filings. By Alice Jones June 21 2021
Tax experts say diversity and inclusion is a ‘business imperative’ Diversity in the tax world often decreases as positions become more senior. Tax departments need to address inequalities relating to socioeconomic background and disability. By Alice Jones June 16 2021
ERP systems’ failure to prioritise tax affects data quality Tax directors said automation and artificial intelligence (AI) could help tax teams to minimise risks created by enterprise resource planning (ERP) systems that were not designed with tax in mind. By Alice Jones June 16 2021
Discrepancies in tax authority requirements create risks for MNEs Multinational enterprises (MNEs) could face investigation because of discrepancies between SAF-T and general ledger (GL) dates, and Intrastat and EC Sales List (ESL) reports. By Alice Jones June 09 2021
G7 minimum tax agreement is a step towards a global consensus The G7 countries agreed to a global minimum corporate tax rate of 15%, but further tests will come at the G20 and OECD levels. Meanwhile, tax professionals highlighted significant flaws... By Alice Jones June 07 2021
