Under-resourcing in global tax and trade increases risk for multi-nationals, garners new Thomson Reuters research ...Middle East

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Half of corporate tax departments globally say they are under-resourced for technology, resources and hiring (47%) Under-resourced tax departments are more likely to incur tax audits and penalties Two-thirds of companies with $100 million-plus revenue are implementing technology to help manage their global trade operations (65%) TORONTO, September 14, 2023 – Thomson Reuters (NYSE/TSX: TRI), a global content and technology company, today released new research that reveals both corporate tax and global trade departments state they are under-resourced for technology and talent, increasing risk for their businesses. Published today, the 2023 State of Corporate Tax Department report highlight

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