How C-Suite leaders define success is unsurprising and unchanging: It’s a formula of revenue, profit, and customer relationships. However, their blueprint to approaching this formula is rapidly evolving in an increasingly digital world. Change, however, is made more difficult when some of the functions that leaders rely on to drive revenue, profit, and customer relationships are hamstrung by inefficiency, silos, and repetitive work.

As talent squeezes loom, many companies’ tax functions see technology as the solution.

As the baby boomer generation retires, corporate tax departments are facing a looming talent squeeze.  The result will be a significant challenge in managing tax functions efficiently.

The Thomson Reuters latest report, the "2024 State of the Corporate Tax Department," reveals the key findings from a survey of senior decision-makers and influencers in corporate tax departments across the globe. The report highlights the top priorities, challenges, and strategies for corporate tax departments in the face of a rapidly changing landscape.

Your definitive guide to the evolving landscape of tax technology.

Get ready to embrace tax technology’s exciting future with valuable insights from industry experts. The 2025 Corporate Tax Department Technology Report highlights the optimism and excitement among tax professionals about the future of technology while addressing the challenges and opportunities ahead.

Increasingly, professionals are integrating generative AI (GenAI) into their workflows and feel more positive about its impact than ever before. Now, a vast majority of professionals expect GenAI to be a part of their daily workflow within the next five years. As these professionals increasingly use GenAI for themselves, the next step is for their organizations to incorporate it into their overall business strategies. That integration might take the form of updated training and policies, budget and workforce planning, or — crucially — conversations between firms and clients.

Learn the strategies that lead to success as digital VAT regulations, CTC demands and finance automation sweep the business landscape. How can your company ensure it's making all the right moves in a time of urgent change?

This comprehensive guide unpacks three distinct e-invoicing transformation scenarios, spotlighting strategies that work — and those that don’t — where automation and compliance collide. Drawing from years of customer journeys and real-world insights, this is your go-to guide for navigating change confidently.

The reality of global minimum tax (GMT, GloBE, or OECD BEPS 2.0 Pillar 2), which aims to make it harder for big companies — those with €750 million in revenues in the Consolidated Financial Statements of the Ultimate Parent Entity — to avoid tax by shifting profits to lower tax jurisdictions, is here and coming into effect on January 1, 2024.

For tax teams in multinational corporations, the impact is significant. The time clock for implementation is already running down. The regime is disruptive. It accelerates the urgency with which tax and finance departments must drive digital transformation, automating both functions to allow more time to develop scenarios, benchmarks, and predictive analytics.

Like many professionals in key business functions, those in indirect tax compliance are dealing with a number of challenges, including managing the role of rapidly advancing technologies. The Thomson Reuters Institute recently surveyed indirect tax professionals in businesses in the United States, Canada, and the United Kingdom to understand the challenges they are facing in their indirect tax and compliance function and how they are addressing these challenges. Further, we looked at the role of new technology such as artificial intelligence (AI) and its impact on the skills required for individuals managing their businesses’ indirect tax function, as well as the future outlook for these roles.

Digital transformation has been a significant trend for over a decade. Tax compliance, global tax minimums, and environmental, social, and governance (ESG) requirements have introduced greater complexity for corporations. Technology solutions help streamline processes for tax departments by integrating with ERPs, customer relationship management (CRM) systems, and e-invoicing systems, providing essential support for tax compliance efforts.

Tariffs — at perhaps no other time in nearly a century — have risen to become a major challenge to any company, foreign or domestic, that is even tangentially involved in global trade.

Today, companies face significant hurdles in their ongoing operations due to tariffs imposed by the United States government and by other countries seeking countermeasures to the tariffs imposed by the US. These tariffs are impacting costs, disrupting supply chains, affecting market competitiveness, and creating regulatory and compliance issues for companies across a multitude of industries. Further, these tariffs threaten a substantial portion of US imports and exports, as well as the flow of international trade that other countries conduct with the US.