- The constantly evolving tax policies are influenced by social, economic, and environmental trends, creating challenges for international companies.
- Changes in tax structures reflect the aging population and shifting patterns of wealth.
- Governments are implementing measures such as e-invoicing and e-reporting to ensure ongoing tax payments and prevent fraud.
- The introduction of AI in tax administration aims to enhance compliance, reduce fraud, and improve efficiency.
- There is an increased emphasis on carbon taxation as part of global efforts to address environmental concerns.
Source TJC Group
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