This is the digital transformation of tax: a climate in which global tax authorities demand more e-invoicing and e-reporting—which will likely lead to more e-assessments and e-audits. Here, we explore the transformation and offer a clear path forward for business and technology leaders to tackle its challenges and leverage opportunities.
But going forward, more nations—including developed economies—will up the ante on digital reporting requirements. Not only will the information collected swell to include more intimate details around corporate operations, it will also shift from taxpayer-submitted to government-issued returns. The switch to digital taxation introduces a variety of challenges, risks and costs: some are immediate and tactical, while others are longer-term and strategic.Initially, companies will need to tweak or even overhaul their invoicing, payment, enterprise resource planning or other financial systems. Challenges will multiply as individual jurisdictions implement and continuously update digital requirements and more nations join the fray.
Source: News Formal (newsformal.com)
SovosCompliance Federal income taxes aren't enough & now CityHall + the labor union “local” are dipping their grubby fingers in our wallets.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global Taxation is Going Digital: Here's How to PrepareAn underappreciated revolution is underway: the shift to digital taxation. Here, we explore how business leaders can best prepare their organizations for a new era of reporting and compliance.
Source: Forbes - 🏆 394. / 53 Read more »
BlackRock's Larry Fink says there are no signs of global recession in the next 12 months'We will go through a phase in which things are not great but also not bad.' Hang on to your hat. Time to move positions to cash and wait for the fire sale. Too lazy to read this article
Source: CNBC - 🏆 12. / 72 Read more »
Nissan is said to cut global production by 15 percentThe Japanese automaker aims to produce about 4.6 million units in fiscal 2019, according to plans being communicated to its suppliers. Nissan all time high is coming.
Source: CNBC - 🏆 12. / 72 Read more »
Purdue's Sackler family wants global opioids settlement: Sackler lawyer Mary Jo WhiteIn rare public comments on behalf of the family that controls Purdue Pharma, lawyer Mary Jo White said why the family believed the litigation against them and their company is legally dubious, factually misleading and politically motivated. Liars! They are criminals. ok what about all those dead customers? They should be grateful that we don't demand for their execution.
Source: CNBC - 🏆 12. / 72 Read more »
Global radicalism reaches Sri Lanka’s shoresSri Lanka successfully defeated Tamil Tigers after decades-long civil war but then became too relaxed and didn’t strengthen its counter-terrorism capabilities - experts
Source: trtworld - 🏆 101. / 63 Read more »
Global Stocks Weaken as Oil Prices ClimbGlobal stocks mostly edged down on Tuesday, as oil prices jumped after a surprise move from the U.S. to curb Iranian oil imports and investors awaited a fresh batch of earnings for clues on the direction of the world economy. realDonaldTrump is costing Americans more money. // galvanochoa... y AMLO con sus precios de 'gastolina' al nivel de Estados Unidos. . Thanks for the article about SocialSecurity . 2020 will be the first time Social Security had to take from the Trust fund to pay it's bill. Why? Only Republicans voted to steal 2. trillion from the general fund to give to the rich using TaxFraud
Source: WSJ - 🏆 98. / 63 Read more »
Global jihadists increasingly turn against religious targetsThe latest bombings of churches is part of a growing pattern of sectarian terrorism Giving my prayers to all🌍 Only reason. Worlds politics What do you expect from ReligionOfPeace eh?
Source: TheEconomist - 🏆 6. / 92 Read more »
Strong stock and bond markets at odds over global growthIt looks like something has to give in global markets. The bond market is the adult. The stock market is the unruly child.
Source: Reuters - 🏆 2. / 97 Read more »
Deadly attacks in Sri Lanka tap into global anxiety about Christian-Muslim violenceThe attack in a place such as Sri Lanka stokes fears everywhere, including the United States. Interesting that Christian-Muslim violence is mentioned, but not the Passover Worshippers. They must not play a role in any of it.
Source: washingtonpost - 🏆 95. / 72 Read more »
No signs of global recession in next 12 months: BlackRock's FinkThere are no signs that the global economy is sliding toward a recession in the ... Not that they'd see it anyway... 💪 Noted
Source: Reuters - 🏆 2. / 97 Read more »