The 2015 edition of taxation trends in the european union, now in its ninth issue, provides some answers to these questions. In our sixth annual technology trends report, we outline eight trends that could potentially disrupt the way businesses engage their customers, how work gets done, and how markets and industries evolve. In 2015, a number of trends will shape how businesses prepare and file their taxes, as well as receive refunds. There is a significant disparity in the range of services offered by revenue bodies to tax intermediaries many revenue bodies have considerable potential for leveraging improved tax compliance and easing taxpayers compliance burden by increasing. Challenges of international taxation for developing countries. Taxation trends in the european union european commission. This file may not be suitable for users of assistive technology. The impact of technology on taxation is vat the etax solution. The fta technology conference and exhibition registration for the 2016 fta technology conference and exhibition will open in late spring 2016. Member firms of the kpmg network of independent firms are affiliated with kpmg international. However, few large players have maintained their margins. Tech trends 2015 audit, consulting, advisory, and tax.
Ubiquitous digital devices, connectivity and smart technology are bringing. It highlights the need for coherent and comprehensive approaches to tourism policy making, and the significance of the tourism economy, with data covering domestic, inbound and outbound tourism, enterprises and employment, and internal tourism consumption. Dg taxation and customs union taxation trends in the european union 27. The changing role of internal audit moving away from. Tech trends in tax and accounting published on december 12, 2014 december 12, 2014 120 likes 12 comments. The average data signalling rate in germany in the second quarter of 2015 was around.
Cearley, vice president and gartner fellow, highlights the top 10 strategic technology trends that have the potential for a significant. Aug 01, 2018 we surveyed hundreds of tax and accounting professionals to learn what challenges and trends pros are experiencing with technology today, and how technology will likely influence the future of the profession. On the business front, globalisation continues apace, with new markets and new customer tiers swollen by billions of people rising out of poverty. Tax administration 2015, produced under the auspices of the forum on tax administration, is a unique and comprehensive survey of tax administration systems, practices and performance across 56 advanced and emerging economies including all oecd, eu, and g20 members. Discussion of state tax developments and trends karl a. The top pit rate varies very substantially within the union, ranging from aminimum of 10 % in bulgaria to more than 55 %. Heres a list of tax software trends and updates to watch for in the new year. Sustaining growth with healthier margins will be challenging in the current economic and competitive environments. Technology tools to tackle tax evasion and tax fraud oecd. Gartners top 10 strategic technology trends for 2015 smarter. The future of ebooks 3 publishers, internet bookstores, and companies that manufacture ereaders have high expectations for the digital future of the book industry. The aim of taxation trends in the european union is to respond to this need by providing an overview of trends in taxation revenues, tax structures and reforms over recent years. In order to determine and visualize research trends, several bibliometric indicators fitting. Back to basic internal audit organisations innovate and grow, meaning there is constant change and new ventures on the horizon.
Clarity on commodities trading 11 however, with its attractive effective statutory corporate income tax rates, binding advance tax rulings, an extensive network of tax treaties with close to 90 nations, investment protection agreements over 100, a vat rate of 8% and a competitive personal income tax system, switzerland still remains. Oct 16, 2018 gartners top 10 strategic technology trends for 2019. June 2015 reshaping the tax function of the future. You are allowed a tax deduction on federal schedule a for real estate taxes you paid in 2015 2014 form m1pr if you did not receive a property tax refund for. However, there is a clear trend towards doing so in more systematic ways. It also contains information about international aspects of. The fta technology conference and exhibition tax admin. To find out whats in store for the year ahead, check out the firm management 2020 read more.
Technology trends shaping the accounting industry leap. Pdf international trends in taxation and the taxation of. Port marine safety code health check trends 2015 gov. Learn about the latest technology trends that support a nimble, strategic treasury function. Finance and administration cabinet dept of revenue, order no. An overall framework overall framework of a tax administration. Key trends and development in tax administration jonathan leigh pemberton centre for tax policy and administration. If you would like to discuss developments in indirect tax, or if you would like access to our eva service or copies of our publications, please contact one of the ey indirect tax leaders listed in this report, or your usual ey indirect tax contact.
Welcome to indirect tax in 2015, our latest annual roundup of developments in value. Early 2016 dor revoked prior rulings on taxing technology. At the march 2015 forum on tax administration fta bureau meeting. The vast majority of tax preparers are small businesses 37% are run by a single person, while 53% employ less than ten people. Every year gartner produces one of the most comprehensive lists of the trends that cios and other senior executives should be paying. There have also seen the convergence in tax rate, tax base and preferences of corporate income tax cit. We hope you can use this data to understand where you stand and how you can find more ways to leverage technology to grow your practice. These trends are expected to have a significant impact on organizations over the next three years and may require major investment.
Taxes and incentives for renewable energy is designed to help energy companies, investors and other entities stay current with government policies and programs that support renewable energy from wind, solar, biomass, geothermal and hydropower. The factors that influence international taxation have been examined. The 2015 beps action 1 report, addressing the tax challenges of the. Similarly, puerto rico is replacing its sales and use tax with a new 10. Expert group on taxation of the digital economy european. Apr 22, 2016 port marine safety code health check trends 2015. Such temporary coverage was considered timely, for the goal is to show the most emerging trends on the topic. More than 3 million low and moderateincome federal tax return filers used the free file system, available through various tax return preparation software developers and at irs. Oecd and selected partner economies, which is an annual publication that provides comparative information on tax reforms across countries and tracks tax policy developments over time. At the highest level, two opposing trends can be detected in terms of digital taxation policy. For example, in australia the introduction of the goods and services tax under the banner of not a new tax a new tax system gave rise to.
In this webcast, we will discuss the best ways to utilize technology to provide tax and advisory services to your clients. Global trends in tax administration dascenzo journal of. Data and research on income taxes including oecd tax databases, taxing wages, revenue statistics, tax policy studies. Development of the overall tax revenue in the european union 1. A new generation of ereaders may, at last, achieve the longawaited breakthrough that lures consumers away from paper and ink. North america and europe together made up 80% of the wearables market2 and. Welcome to the kpmg knowledge base of research that demonstrates our understanding of complex business challenges faced by companies around the world.
Feb 02, 2020 although the tax preparation industry is likely to survive, and perhaps even to thrive for the foreseeable future, preparers at both large and small firms can expect their competition to increase. The tax function of the future will look surprisingly different from todays. In many cases, such changes are being driven by a confluence of business and technology forces fueled by innovation. Challenges of international taxation for developing countries wang jianfan director general of tax policy department, mof, p. If the topic of such tax rules should come up again, the federal government. The 2020 edition analyses tourism performance and policy trends across 51 oecd countries and partner economies. The goal should be to bring the art of the possible to the business, informed by the realm of the feasible. Frieden general counsel council on state taxation national association of publicly traded. The 2015 edition of taxation trends in the european union, now in its ninth issue, provides.
Main messages revenues eu tax revenues rose in 19 member states in 2016 the share of labour taxes fell slightly from 2009 to 2016, while capital and consumption shares rose property tax revenues have grown since 2009 rates vat rates remained unchanged in 2018, continuing a trend of few rate changes since 2015 average top personal income tax rate was. Held annually, the fta technology conference and exhibition also known as fta tech offers and opportunity for fta members and industry representatives to come together and discuss. Registration for the 2016 fta technology conference and exhibition will open in late spring 2016. Whilst dealing with new thinking required for internal audit relating to strategic and. Dor applying rental tax to streaming services kentucky netflix, inc. The report reveals key issues and trends we believe will be the primary areas of focus in the global hospitality industry in the upcoming year. Rick telberg follow actionable intelligence and practical advice for the tax.
Technology is transforming the way accounting firms do business. Tax software trends and updates to watch for in 2017. No member firm has any authority to obligate or bind kpmg international or any other member firm visavis third parties, nor does kpmg international have any such authority to obligate or bind any member firm. Eu28 changes in tax revenues as % of gdp, 2015 2016 percentage points share of labour taxes fell slightly since the crisis, while. Just 18% of the participants say they have robust technology in place to support.
The impact of technology on the tax profession is evolving more rapidly than ever before. Exploring trends, content, technology, and new ideas in the global. Many of these trends are driven by one major force automation. Current internal audit trends moving away from traditional internal audits 2. European commission, manual on the changes between esa 95 and esa 2010. Sign up to receive notifications about fta tech at this link. Dec 23, 2015 hr technology is headed in a decisively consumerfocused direction in 2016, with features and designs aimed first and foremost at engaging employees and improving their performance, rather than easing hr administration. Gartners top 10 strategic technology trends for 2019 pcmag. Corporate tax spring training trends in tax technology. The sixth imf japan highlevel tax conference for asian countries.
A tax technology strategy enables the tax function to. Although technology can enable taxpayers to use more sophisticated methods to evade tax, it can also be a powerful tool for tax authorities to swiftly identify such methods. Description rapidly changing technology is a fact of life for everyone. Corporate tax trends in 2015 cascade business news. Information technology was a term defined to search strategy within the title of journal articles in the period 200920. Data and research on tax including income tax, consumption tax, dispute resolution, tax avoidance, beps, tax havens, fiscal federalism, tax administration, tax treaties and transfer pricing. Top 10 strategic technology trends for 2015 hide slideshow introduction read slideshow introduction the coming years trends will be focused on merging the real and virtual worlds, data intelligence gathering, and shifting to a digital business model.
Given the scope of the changes in business and technology overall, its tough to keep track of everything. Technology has dramatically impacted taxation and the manner in which it is effectively imposed. Some of the biggest developing trends and updates in tax software relate to our everchanging technological world and its pretty exciting to see how a. To help make sense of it all, we offer deloittes sixth technology trends report, our annual indepth examination of eight current technology trends, ranging from the way some organisations are using application programming interfaces to extend services and create new revenue streams. Economy outlook formerly oecd information technology outlook to provide a more holistic overview of converging trends, policy developments and data in the digital economy on both the supply and demand sides.
This is good news for cios seeking improved tools for it workforce planning, performance management, recruiting, and retention. The aim of the report is to give an overview of trends in taxation revenues, tax structures and reforms over recent years. The digital economy outlook 2015 has been prepared by the oecd secretariat under the. Here are 8 technology trends that will shape the accounting industry as it integrates these new models into its systems. Tax is grappling with the technology of robotics and automation. Treasury moves into the cloud corporates looking for a new treasury system rarely request the traditional clientservermodel, where the software is installed at the client. When considering fundamental tax reform in january 2015, the bahamas introduced a 7. New report compares performance, best practices and trends in 56 tax administrations 1108 2015 tax administrations continue to face the challenges of improving their performance while reducing costs, decreasing compliance burdens for taxpayers tackling noncompliance. For example, in australia the introduction of the goods and services tax under the banner of not a new tax a new tax. Asset values have recovered globally and industry revenues are expected to grow over the next few years. The transformative potential of technology in production systems is widely. Emerging trends on the topic of information technology in the. Exemption of reinvested profits in new technological equipment. Technology driven changes enable enhanced service delivery.
But few report having the resources and capabilities to gain them. Evolving trends are changing the way tax functions are operating both daytoday and with longterm strategic planning. Technology trends shaping the accounting industry due to the rapid development of new applications and technologies, the accounting industry is at the forefront of digital disruption. Tax professionals face many challenges in the current regulatory, compliance, and technology arenas, topics with which members of the national association of tax professionals natp increasingly grapple natp, which bills itself as the largest nonprofit organization serving tax professionals, includes enrolled agents, cpas, attorneys, and financial planners among its membership. There were plenty of tax returns to go around the irs estimates that there will be over 250 million filed by 2018. This years survey looked at several technology trends read more. At issue are rapidly increasing electronic commerce ecommerce transactions coupled with unconstrained growth and development of technology. Technology and innovation for the future of production weforum. Mar 10, 2015 in our sixth annual technology trends report, we outline eight trends that could potentially disrupt the way businesses engage their customers, how work gets done, and how markets and industries evolve. Sole tax system with income taxes or dual tax system with income taxes and consumption taxes, have transformed into a new tax system with widecoverage, multi tax subjects and light burdens. Government technology has it articles for state, local and city government. Mar 28, 2017 gao identified 58 programs in 11 federal agencies that reported providing support to u. It argues that reforms affecting one aspect of the tax system often, but not always, provide the incentive or opportunity for reform of other components of the tax system. Technology tools to tackle tax evasion and tax fraud technology is fast becoming an indispensable tool for tax authorities.
New report compares performance, best practices and trends. Its starting point is the premise that revenue bodies can be better informed. Benefits of having a tax technology strategy a tax technology strategy will allow tax professionals to better focus their resources on analyzing data and creating strategies to generate revenue and cut costs, rather than spending valuable time gathering data. Global trends in tax administration this paper starts with the proposition that the descriptor, tax reform can apply to different elements of a tax system. This paper examines tax trends in general but with particular reference to the taxation of investment. Automation technology has transformed the way businesses operate in many other spheres, from marketing to hr.
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