Indirect tax compliance is becoming more complex as governments accelerate digital reporting and e‑invoicing requirements worldwide. For multinational tax and finance teams, this shift is driving increased pressure, manual effort, and risk. This article explores how AI-powered automation — through ONESOURCE Indirect Compliance powered by CoCounsel — is enabling a move toward more efficient, accurate, and auditable compliance processes.
Read more
Reimagining Global Taxation: Voices from the Frontlines of Global Minimum Tax Transformation
As Pillar Two reshapes the international tax landscape, Thomson Reuters explores how multinational enterprises (MNEs) across Asia Pacific and the Middle East are responding to one of the most significant…
Read more
Pillar Two: What it means for non-US headquartered multinationals
The G7’s announcement regarding a potential exemption for some US-based multinationals from certain aspects of Pillar Two has made waves, but what does it mean for large multinationals headquartered in…
Read more
President Trump’s tariffs: What tax and accounting professionals should know
What exactly is a tariff? In simplest terms, a tariff is a tax imposed on goods imported from another country. This tax increases the cost of imported goods, making them…
Read more
How indirect tax impacts your manufacturing power
In the complex manufacturing world, managing indirect taxes can be a daunting task fraught with potential pitfalls and substantial financial risks. Our white paper for tax professionals in the manufacturing…
Read more
Leveraging the Orbitax Global Minimum Tax Solution for BEPS Pillar Two in a Co-Sourced Model
The implementation of BEPS (Base Erosion and Profit Shifting) Pillar Two brings significant challenges for multinational enterprises (MNEs) navigating the global minimum tax rules. Unlike traditional outsourcing models, where compliance…
Read more
October 2024: BEPS Pillar 2 Highlights
European Union-Cyprus-Poland-Portugal-Spain European Commission Refers Cyprus, Poland, Portugal, and Spain to CJEU for Failure to Notify Transposition of Pillar 2 Directive (approved) The European Commission has announced its referral of Cyprus, Poland,…
Read more
September 2024: BEPS Pillar 2 Highlights
Belgium Accepting Advance Payments for Pillar 2 Global Minimum Tax (Approved) Belgium’s Federal Public Service (SPF) Finance has issued a release announcing that MNE groups subject to the Pillar 2 global minimum…
Read more
Challenges and changes in indirect tax and compliance
The world of indirect tax compliance is a battleground. Ever-changing regulations, resource constraints, and the need for efficiency leave businesses struggling. Based on a Thomson Reuters survey of 180 indirect…
Read more
August 2024: BEPS Pillar 2 Highlights
Australia Pillar 2 Global Minimum Tax Legislation Introduced in Parliament Australian Treasurer Jim Chalmers has announced the introduction of legislation in parliament for the implementation of the Pillar 2 global minimum tax,…
Read more