BusinessPostCorner.com
No Result
View All Result
Saturday, July 5, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Global tax leaders face uncertainty amid tariffs

April 23, 2025
in Accounting
Reading Time: 2 mins read
A A
0
Global tax leaders face uncertainty amid tariffs
ShareShareShareShareShare

Tax and finance executives around the world are confronting the prospect of increased tariffs and trying to adjust their plans accordingly.

Many are anticipating the need for greater tax disclosures, according to a new survey by Deloitte of 1,100 tax and finance executives from 28 countries. The survey found 82% of the respondents expecting increased public tax disclosures over the next two to three years. A similar proportion, 81%, said national-level transparency laws are the most influential regulatory force they are facing.

“As they grapple with widespread uncertainty, global organizations are focusing on what they can control as the tax function undergoes significant policy shifts with the added complexity of a fast-moving tariff environment,” said Amanda Tickel, Deloitte’s global leader of tax and legal policy, in a statement Wednesday. “Keeping a pulse on such rapid change can be incredibly challenging. Tax leaders must collaborate across the organization to understand where they are, where they’re going, and how they can get there.”

The digitalization of tax is a top priority across the globe, but optimism about tax technology has waned year over year, with only 29% of respondents believing AI will enhance accuracy. There are growing concerns that AI can introduce more complexity than simplification, although AI-driven tax compliance software keeps expanding globally. Other concerns have arisen over the costs of e-invoicing.

The increase in remote and cross-border work also presents tax challenges, with approximately three-quarters of businesses expressing concerns about corporate tax risks, such as transfer pricing. Two-thirds of the respondents reported increased use of tax incentives to attract foreign talent, particularly in high-skilled industries. 

Sustainability has become a top priority for businesses, jumping from No. 5 to No. 3 in the report’s impact rankings year over year. That includes reporting requirements, new and emerging taxes, and corporate sustainability initiatives. The majority of respondents (55%) cited sustainability as a top priority within their business. A 56% majority of respondents indicated tax implications are incorporated within their current sustainability strategies. But the cost of compliance is still a significant challenge, particularly in Africa, where respondents (45%) rate it as a major issue. While many of the respondents are still exploring different options to lower their costs, only about one-third of respondents (36%) are leveraging grants and incentives. 

Credit: Source link

ShareTweetSendPinShare
Previous Post

Bailey says BoE must ‘take seriously’ risk to growth from Trump tariffs

Next Post

Canopy announces $70 million funding round in Series C investment

Next Post
Canopy announces  million funding round in Series C investment

Canopy announces $70 million funding round in Series C investment

OpenAI signs bn data centre deal with Oracle

OpenAI signs $30bn data centre deal with Oracle

July 2, 2025
US energy groups spend record sums on power plants to feed data centres

US energy groups spend record sums on power plants to feed data centres

June 29, 2025
AI agent adoption is lagging. Experts explain what HR can do

AI agent adoption is lagging. Experts explain what HR can do

July 2, 2025
Leading AI Claude Predicts the Price of XRP, Shiba Inu and Pepe by the End of 2025

Leading AI Claude Predicts the Price of XRP, Shiba Inu and Pepe by the End of 2025

July 3, 2025
Abridge CEO Shiv Rao on raising 0 million, a prospective IPO, and the future of healthcare

Abridge CEO Shiv Rao on raising $300 million, a prospective IPO, and the future of healthcare

July 2, 2025
‘Shark Tank’ investor Kevin O’Leary says he loves getting motivated by his haters: ‘It’s not about the money anymore’

‘Shark Tank’ investor Kevin O’Leary says he loves getting motivated by his haters: ‘It’s not about the money anymore’

July 4, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Trump’s pressure on Apple to make All-American phones ignores the last tech giant that tried and failed

Trump’s pressure on Apple to make All-American phones ignores the last tech giant that tried and failed

July 5, 2025
XRP Price Prediction: Despite Recent Slip, Ripple’s Institutional Push Targets  – What to Watch

XRP Price Prediction: Despite Recent Slip, Ripple’s Institutional Push Targets $10 – What to Watch

July 5, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!