ITR Summer Issue 2022: Editorial

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ITR Summer Issue 2022: Editorial

ITR Summer Issue 2022 image

ITR's latest quarterly PDF is now live, leading on the rise of tax technology.

Ever since COVID-19 emerged and shook up the global status quo, we’ve heard a lot about the ‘new normal’, a term usually associated with a line-break between how things were before and how they are now, or indeed, how they might be one day.

If some experts are to be believed, the digitalisation of tax is fast becoming this industry’s ‘new normal’, both in terms of the technology itself and those who apply it. Tax technologists are in increasingly high demand, while companies are grappling with emerging technologies like blockchain. All in all, it’s an exciting time.

What’s easily forgotten during any new change is that, in most cases, it’s human beings who make the magic happen. That’s why companies are scrambling to find tax technologists, as they are known, to help them realise the benefits on offer. But here lies the problem – in some countries, these specialists are just not that easy to find. What’s more, the tools on offer can be less than satisfactory.

We can expect plenty of change in the next few years as technology and technologists become a core part of the tax world. It’s why we’ve dedicated the cover story of this PDF to these issues, providing deep analysis with the help of tax directors and advisers in a number of regions. It is also my first PDF as editor-in-chief, so I’d like to say what a pleasure it is to be here and to join a new industry.

Elsewhere, you can find a host of content in this issue of ITR, including analysis from our journalists, reports from conferences we have attended, sponsored content including local insights, and the market insight section. As always, we hope you enjoy reading what’s on offer, and we look forward to seeing you next time.

Read the ITR Summer Issue 2022 here

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Malta risks ceding tax revenues to jurisdictions that adopt the global minimum tax sooner, the IMF said
The UK and what has been dubbed its ‘second empire’ have been found to be responsible for 26% of all countries’ tax losses by the Tax Justice Network
Ireland offers more than just its competitive corporate tax environment but a reduction in the US rate under a Trump administration could affect the country, experts tell ITR
The ‘big four’ firm was originally prohibited from tendering for government work until December 1 due to its tax leaks scandal, but ongoing investigations into the matter have seen the date extended
Approximately 74% of MAP cases in 2023 reached a full resolution, but new transfer pricing MAP cases fell by 16%
Brazil is looking to impose the OECD’s 15% global minimum tax on multinationals; in other news, PwC is set to pull out of Fiji
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