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Supreme Court suggests support for 2017 tax on foreign earnings

Accounting Today

Key justices suggested the tax, which aimed to collect hundreds of billions of dollars on a one-time basis, wasn't fundamentally different from other levies imposed by Congress over the years.

Tax 180
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Billionaire tax rests on a disputed $14,729 refund at the Supreme Court

Accounting Today

The case coming before the court stems from a 2017 tax law provision that aimed to collect hundreds of billions of dollars on earnings accumulated and held overseas by big multinational companies.

Tax 174
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Enhancing Cash Flow: Effective Digital Payment Options for Businesses in Singapore

Counto

For SMEs and entrepreneurs , effectively collecting payments from customers is paramount for maintaining cash flow and sustaining growth. 2) PayNow Launched in 2017, PayNow facilitates peer-to-peer fund transfers instantly. Let’s look at the various digital payment methods that help you do that.

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Navigating the Foreign Account Tax Compliance Act (FATCA) in Singapore

Counto

Singapore adopted CRS in 2017, further expanding the scope of financial account reporting beyond just U.S. Documentation and Reporting Financial institutions need to collect and verify tax residency certificates and other relevant documents from all account holders.

Tax 52
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E-invoicing? We already do this don’t we?

AP Association

According to a Billentis report in 2017, 90% of invoices worldwide are still processed manually. In the 2019 10th Edition of Trends in e-invoice Compliance, Trustweaver estimates that VAT accounts for 30% of public revenues and that 20-30% of the VAT due is not collected by governments because of errors or fraud. Global Tax Losses.

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Improve Procurement Visibility ASAP: 5 Must-Follow Steps

NextProcess

If it’s like 69% of companies surveyed in a 2017 study, then you don’t have total visibility into your supply chain ( GEODIS, cited by Finances Online ). This is primarily because good procurement automation software is going to centralize the process, streamline procurement, and automatically collect accurate data.

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Top 5 Credit Bureau Companies for B2B in 2023

Gaviti

Its continually updated database delivers information to over 27 million businesses in the UK, including financial data, credit score and risk factors, collection history, past loans and bankruptcies.