The New Tax Transformation Imperative

Why digitization requires a reboot of your transformation approach.
Get the latest insights on your biggest tax challenges

Better tax and finance operating models begin with better data

In today’s fast-evolving tax landscape, modernized data management is no longer a luxury but a necessity. Companies are grappling with budget limitations, complex regulatory changes and the growing talent gap, all of which make an effective data strategy critical. Data from 500 US-based multinational companies — part of the global 2024 EY Tax and Finance Operations survey — offers insights into the benefits of modernized data strategy and management.

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Technology and innovation

  

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CFOs and tax leaders are optimistic about GenAI

The 2024 EY Tax and Finance Operations survey reveals that GenAI may help tax and finance functions with talent gaps, budget cuts and BEPS reporting. And by co-sourcing more activities with a single provider that standardizes data, businesses can better position themselves to operationalize AI and realize its transformational potential.

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Tax transformation:  Adopting AI to drive efficiencies

41% of global CEOs said adopting AI technologies is likely to be a priority. Read how AI might support and enhance tax compliance.

22 Jul 2024 Randy Carpenter + 1

How the finance function can harness the power of AI

In this episode, Noah Barsky, Professor at Villanova University, joins host Myles Corson to explore the impact of AI across finance function. Learn more.

04 Dec 2023 46m 36s

How generative AI might help tax functions tackle challenges

GenAI can automate tasks, summarize information and provide insights, but it needs a person’s input to optimize the technology. Learn more.

10 Nov 2023 EY Americas

    Data and analytics

       

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    Meet the evolving e-invoicing regulations head on

    The impact of e-invoicing should not be underestimated — it affects the whole business and not just the tax function. In this on-demand webcast, leaders discuss e-invoicing in the Asia-Pacific (APAC) region and its pivotal role to the wider global tax agenda.

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    The future of AI in Tax: insights and practical considerations for the tax function

    In this webcast, panelists discuss AI’s current impact in the tax industry and uncover how AI can potentially deliver tangible value in tax operations.

    29 Oct 2024 | your local time

    EY Intelligent Enterprise Gateway: connecting finance and tax

    EY Intelligent Enterprise Gateway, an intelligent technology platform, helps enable digital transformation of finance and tax functions. Learn more.

    03 Oct 2024

    How to use real-time data to mine better insights

    Learn how a leader in the food and beverage industry is harnessing the power of information to prepare for what comes next

    31 Mar 2023 Milene Carvalho + 2

      Operating model and sourcing

         

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      How CFOs navigate the tax and finance challenges today

      EY tax and finance transformation leaders discuss results of the Global DNA of the CFO Survey, and examine three paradoxes that CFOs confront on a daily basis: balancing short-term and long-term value, navigating the tightrope between safety and boldness, and transitioning from a traditional skill set to assuming a strategic leadership role.

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      Tax considerations for private equity or private credit funds

      Discover how alternative investment strategies are becoming more accessible to high-net-worth and mass affluent retail investors through Alts Funds. Learn more.

      16 Dec 2024 Amy Snyder + 2

      Why utilities should reimagine their tax and finance functions

      Tax and finance functions of power utility companies can use new operating models, technologies and skills for better results. Here’s how.

      06 Nov 2024 Terry Huggins

      How tax managed services can accelerate banks’ transformation programs

      Managed services are an alternative way for a bank’s tax and finance function to meet risk and governance responsibilities effectively.

      17 May 2021

        Talent and culture

          

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        To win the race for talent and skills, embracing an evolved mobility function is critical

        Past mobility models that focused only on business travel or long-term relocation are not necessarily fit for a more digital, integrated and strategic purpose. Findings from the EY 2024 Mobility Reimagined Survey reveal five drivers of evolved mobility functions that can lead to better outcomes for mobile employees, business goals and organizational resilience.

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        How can a rebalance of power help re-energize your workforce?

        Work is less connected to old ideas of career, rewards and workplaces. Explore the EY 2024 Work Reimagined Survey for keys to a Talent Advantage.

        11 Oct 2024 Roselyn Feinsod + 2

        The CFO Imperative: How can bold CFOs reframe their role to optimize performance?

        The EY DNA of the CFO Survey identifies key priorities for CFOs to drive bolder change in their finance teams and deliver better performance. Learn more.

        28 Jun 2023 Myles Corson

        How tax leaders can increase their impact today and in their next role

        Tax functions are pressured to deliver more value with fewer resources. Here are six actions for rising to the challenge — and succeeding.

        13 Jan 2023 Kelly Birkenholz

          Risk and governance

             

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          The smart way to track PWA bonus credits

          Prevailing wage and apprenticeship (PWA) credits represent the biggest bonus credits available under the IRA, but they also come with big penalties for noncompliance. The EY PWA app makes it easier for contractors working on renewable energy projects to provide the compliance data that businesses need.

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          How to find certainty amid tax policy transformation

          EY 2024 Tax Policy and Controversy Outlook explores what you should act on now and what you should keep an eye on next. Learn more.

          04 Mar 2024 EY Americas

          CFOs can look to tax functions to help navigate economic uncertainty

          CFOs looking to navigate today’s economic uncertainty should consider including their tax functions in overall business planning.

          17 Feb 2023 Kevin Flynn

          Case study: reducing risk and reimagining the future through tax transformation

          A mini case study with EY Tax and Finance Operate (TFO) and a multinational consumer product corporation reveals new improved tax transformation.

          10 Oct 2022 EY Americas

            Ecosystems and partnerships

              

            Abstract Skyline: Exploring the Depths of Business and Finance in a Captivating Narrative

            Transforming tax takes a village

            EY-Microsoft Alliance: the great ESG data dilemma

            There’s more to tax data than meets the eye. Find the right perspective with the EY-Microsoft Alliance.


            Explore our partners

            The EY Partner Ecosystem: our strategic relationships and alliances

            EY teams collaborate, co-create and innovate with our category-leading organizations to drive transformation, performance and growth.

            EY–Thomson Reuters Alliance

            Bringing together Thomson Reuters ONESOURCE tax technology with EY Tax, Technology and Transformation services

            The EY-SAP alliance: enhancing your platform to grow your business

            Next-level, scalable e-commerce technology can help you keep costs in check.

            The EY-Microsoft Alliance

            Start where you are. Achieve more than you’ve imagined. No matter your transformation goal, the EY-Microsoft Alliance can help. Learn more.


            Global tax disruption

            A look ahead: President Donald Trump’s second term

            A look ahead: President Donald Trump’s second term

            20 Jan 2025 Bridget Neill + 1

            Tips for manufacturers to prepare for President Trump's trade policies

            Preparing now will help manufacturers adapt to potential changes in international trade policies.

            09 Jan 2025 Al Paul + 2

            Trump, taxes and ’25—what to expect on TCJA, tariffs and tax policy

            Tax changes affecting businesses will happen in 2025. The question is how quickly they will be enacted and how expansive they will be.

            09 Dec 2024 EY Americas

            How a decade of transparency forever changed the tax world

            A decade of increased tax transparency has changed businesses, who will need more data management to keep up with new developments. Learn more.

            22 Nov 2024 Aruna Kalyanam

            How to alleviate BEPS 2.0 Pillar Two data challenges

            Advanced data aggregation tools can help with BEPS 2.0 Pillar Two compliance. Read our insights to stay compliant and reduce risks. Learn more.

            22 Nov 2024 EY Americas

            Six steps to prepare for the operational impact of Pillar Two

            Get ahead of operational and technology considerations for BEPS 2.0 Pillar Two reporting. Understand what to assess, plan, operate and monitor. Learn more.

            21 Nov 2024 Brian Foley + 2

            2025 GOP trifecta: Trump's return, TCJA and other tax reforms

            2025 GOP trifecta: President-elect Trump plans to enact major tax reforms likely through budget reconciliation.

            Treatment of US multinational IP transfers in a Pillar Two world

            This article discusses implications of the OECD's Pillar Two GloBE rules for US MNEs engaged in domestic and cross-border IP transactions.

            11 Nov 2024 Jason Yen

            Steps companies should take now to prepare for major tax legislation in 2025

            Companies should prioritize their tax planning, advocacy, and modeling now to effectively navigate anticipated major tax legislation in 2025

            04 Nov 2024 Colleen O’Neill + 1

            2024 US elections: 6 key issues for cross-border businesses

            The 2024 elections could reshape cross-border trade and policy. Explore how post-election policies might impact the global economy.

            07 Oct 2024 Bridget Neill

            Outcome of US presidential election will impact trade and tariffs

            The outcome of the 2024 election is pivotal to global trade and could have a significant impact on trade policies, global partnerships, tariff structures.

            26 Sep 2024 Lynlee Brown + 1

            How a mobile workforce is shaping Pillar Two compliance

            Explore the impact of remote work on Pillar Two compliance. Learn how to manage tax complexities. Read now.

            02 Jul 2024 Rachel D'Argenio

            How to find certainty amid tax policy transformation

            EY 2024 Tax Policy and Controversy Outlook explores what you should act on now and what you should keep an eye on next. Learn more.

            04 Mar 2024 EY Americas

            Navigating BEPS 2.0: 4 key tips for your legal team

            Prepare for BEPS 2.0's impact on legal teams. Understand its implications and prepare effective strategies. Learn more.

            19 Feb 2024 Daniel Robyn

              BEPS 2.0

              New tax rules are dramatically changing the international tax landscape, potentially bringing reporting and compliance challenges to every industry. 

              Get the latest insights on your biggest tax challenges
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