Tax & Tech Talks

What are the dramatic effects of the Biden Administration's enactment of significant tax proposals under Democrat-Republican (50-50) control? When can we expect new COVID relief? Should corporations make structural changes or change their business operations based on these proposals? How can taxpayers take proactive steps to advocate for workable tax policies?

In our special episode, Thomson Reuters own Melissa Oaks speaks to tax policy expert Michael Mundaca, US National Tax Department Leader for EY Americas. We get an insider's look at what to expect in the first one hundred days and beyond, as well as key takeaways on how organizations can strategically plan for the future. Michael served at the US Treasury Department as the Assistant Secretary for Tax Policy, heading the Office of Tax Policy under Treasury Secretary Tim Geithner and President Obama. He offers valuable advice and insights on how corporations can influence policy and think more holistically in the years ahead.

Questions? Contact us

Additional Resources:

About Michael Mundaca

Melissa Oaks' Twitter page

A Run Through of the Payroll-Related Provisions of the Latest COVID-19 Law

Consolidated Appropriations Act, 2021: analysis, tools, client letters, and the latest guidance [Direct link for subscribers]

Washington in 2021– What's on the policy agenda?

Year-end 2020 COVID and omnibus legislation

Most tax professionals might be well aware of Robotic Process Automation (RPA), but according to a recent Gartner report, tax teams need to go beyond RPA into "hyperautomation." This need stems from massive data sets, reconciliation, and analytics at the backend of tax processes that have become extremely difficult and time consuming for many tax teams.

In today's episode, our host, Kelley Lear, Director of Partnerships and Alliances at Thomson Reuters, chats with Amanda Kateman, Assistant Vice President of Tax Technology at CIT, a leading national bank. They focus on a game-changing, easy-to-use solution that allows teams to easily share data, automate tedious and complex processes, and turn data into results.

Questions? Contact us.

Additional Resources:

Kelley Lear's LinkedIn page

Amanda Kateman's LinkedIn page

Gartner: Move Beyond RPA to Deliver Hyperautomation

What are the common challenges multinationals (MNEs) are facing today when it comes to Operational Transfer Pricing? What steps do MNEs need to take to automate their Operational Transfer Pricing process? What are the top considerations before embarking on this journey?

Our host, Mitchell Omer chats with experts Isabel Becerra-Foster and KPMG's Meenakshi Iyer, and Andrea Tolley on how to address these questions.

Questions? Contact us.

Additional Resources:

Mitchell Omer's LinkedIn page

Isabel Becerra-Foster's LinkedIn page

Meenakshi Iyer's LinkedIn page

Andrea Tolley's LinkedIn page

How can tax and finance withstand mounting resource and cost pressures during this unabating and relentless pace of change? The fact is businesses can't afford to delay the transformation of their tax and finance functions to move forward. Our guest, EY America's Jill Schwieterman, and our host Adam Schaffner give tips on how tax and finance can meaningfully optimize their tax teams. They also discuss how the US election, plus the ongoing pandemic, brings the further possibility of legislative disruption to tax and finance globally.

Questions? Contact us.

Additional Resource:

Teaching Tax vs Teaching Tech: How Tax Departments Can Address Skillset Gaps and Talent Development, EY Tax and Finance Operate Survey, Adam Schaffner's LinkedIn page

Welcome to Thomson Reuters Tax & Tech Talks– insightful conversations that tackle the ever-evolving intersection between tax and technology. We chat with industry experts to give you a bite-size take on big ideas in tax and technology. Join our array of esteemed hosts as they sit down with subject matter experts and business leaders to give you unique and insightful perspectives on top-of-mind topics in tax.

COVID-19, Brexit, SAF-T adoption, e-invoicing mandates, VAT fraud preventions– and that's just the tip of the iceberg. What's a tax department to do?

Episode Notes:

Technology continues to progress and transform our lives– especially in tax. Digital products like ride-sharing apps, digital skins on games like Fortnite, and with the movement from in-person services to virtual services, more companies find themselves struggling to figure out what is taxable under a framework that was developed seventy years ago. The "new normal" seems to be is reacting to rapid change but that is not a sustainable solution.

Questions? Contact us.

Additional Resources:

AI-Enhance Processes and Decision-Making Are Revolutionizing Corporate Tax Departments, Teaching Tax vs Teaching Tech: How Tax Departments Can Address Skillset Gaps and Talent Development, Bianca Kuijper's LinkedIn page, Melissa Oaks' Twitter page, Adam Schaffner's LinkedIn page

How can artificial intelligence help tax departments? Our host, Bianca Kuijper sits down with AI and tax experts Ronald Hein and Tim van Uden to unpack this very complex topic.

Episode Notes:

Historically tax has been not been a front runner in fast automation but with increasing rules and regulations tax has become a hot topic and is finally getting the attention it deserves from the boardroom. In this thought-provoking episode, we discuss the research the SMRTR team is working on that combines process automation with all new kinds of innovations and technologies to help tax professionals become more efficient and if AI can eventually assist with decision making and problem-solving.

Questions? Contact us.

Additional Resources:

Bianca Kuijper's LinkedIn Page, SMRTR Website

In this episode, host Bianca Kuijper and guest Kim Majure unpack the OECD's recently released set of mandatory reporting of cross-border arrangements requirements and what taxpayers and intermediaries can do to get ahead.

Episode Notes:

With complex tax codes and changing regulations, it's no surprise that keeping up with tax reforms and complying with constantly changing regulations came up as the #1 challenge cited by our respondents in our newly published report.

Join our host, Bianca Kuijper, Director of Direct Tax and Trends for Pricing Propositions at Thomson Reuters as she discusses the many nuances of BEPS Action 12 with expert Kim Majure, Principal at the International Tax group of KPMG's Washington National Tax practice.

Questions? Contact us.

Additional Resources:

DAC6 compliance, now and for the long term, Change is the Only Constant in Tax– Keep Up by Embracing Technology Today, Bianca Kuijper's LinkedIn Page, Kim Majure KPMG bio page

How should corporate tax departments resolve talent acquisition and management challenges? Listen to Solution Consultant, Juniper Wilder, and host Bianca Kuijper as they discuss strategies to address this difficult and persistent question.

Episode Notes:

In this episode, the discussion centers around a recently published 2020 Corporate Tax Departments Survey. The report takes a deep look into the current challenges that face corporate tax departments that require a team with both tax and tech skills and what is needed to resolve these challenges.

Questions? Contact us.

Additional Resources: 2020 Corporate Tax Department Survey, Bianca Kuijper's LinkedIn Page, Juniper Wilder's LinkedIn Page

Disclosure: Thomson Reuters recently acquired Acritas.