Tax and Law in Focus

Tax transparency has moved from a compliance burden to a strategic business imperative. In this episode of the EY Tax and Law in Focus podcast, we explore how increasing disclosure requirements, global cooperation, and evolving expectations from stakeholders are redefining the role of the tax function.Susannah Streeter is joined by Aruna Kalyanam, EY Global in Americas Tax Policy Leader; Jose Murillo, EY Americas International Tax and Transactions Services Leader; and Manal Corwin, Director of the OECD Centre for Tax Policy and Administration. Together, they discuss the origins of the global transparency movement, the role of data and AI in modern tax functions, and how businesses can turn regulatory change into long-term value.EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

Global supply chains are undergoing significant transformation. In this episode of the EY Tax and Law in Focus podcast, we explore the evolving challenges and opportunities that businesses face in response to geopolitical shifts, new sustainability regulations, and advancements in AI and automation.Susannah Streeter is joined by Jay Camillo, EY Global Operating Model Effectiveness Leader; Alenka Turnsek, EY Global Sustainability Tax Policy Leader; and Kelly Stals, Principal in EY's International Tax Services and Operating Model Effectiveness Team. Together, they discuss how businesses can adapt their operating models, align tax strategies with supply chain shifts, and leverage emerging technologies to enhance efficiency and resilience.EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

Workforce mobility is undergoing a dramatic transformation. In this episode of the EY Tax and Law in Focus podcast, we explore the evolving challenges and opportunities of managing cross-border work in a more flexible, hybrid world. Susannah Streeter is joined by Maureen Flood, EY Global Mobility Reimagined Leader; Stephanie King, EY EMEA People Advisory Services Tax Leader; and Ben Willis, EY EMEA Immigration Leader. Together, they discuss the complexities of global mobility, from tax and immigration risks to improving employee experience, while providing practical steps for organizations to adapt their mobility models for the future. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

This episode of the EY Tax and Law in Focus podcast, hosted by Susannah Streeter, explores the transformative impact of generative AI (Gen AI) on the legal sector. Our panel includes Jeff Soar, EY Global Law Leader; Saskia Vermeer-de Jongh, Partner in HVG Law and AI and Digital Law Leader; and Heather Deane, former EY Americas Law Managing Director, now Director at The Clean Fight, an accelerator for climate tech start-ups. The discussion highlights the strategic implications for legal departments and broader business operations as the use of GenAI grows. Key topics include the various roles legal departments will play in GenAI governance and adoption, from advising businesses on compliance with rapidly changing laws and regulations to using GenAI tools to enhance efficiency and free up time for higher-value tasks. The panelists stress the importance of proactive risk management and the establishing of robust GenAI governance frameworks to ensure ethical and legal compliance. The episode delves into the differing regulatory approaches, with the EU focusing on human rights and product safety, the UK leveraging existing legislation with a principle-based approach and the US emphasizing corporate responsibility and self-regulation. Additionally, the conversation addresses the disillusionment some feel about GenAI and the necessity for a cultural shift within legal departments to embrace what it has to offer, along with the importance of ongoing training and support from data scientists and engineers for legal teams.  Understand how GenAI can revolutionize legal departments by automating routine tasks, enhancing efficiency and improving compliance and risk management. Learn the strategic role of legal departments in GenAI governance, emphasizing proactive risk management, ethical considerations and regulatory compliance. Appreciate the need for a cultural shift within legal teams, highlighting the importance of ongoing training and collaboration with business teams to leverage GenAI's full potential. Gain insights into the differing global regulatory approaches to GenAI and the practical steps for implementing it in legal practices, including developing clear governance frameworks and integrating data-driven strategies. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

This two-part episode of the Tax and Law in Focus podcast, hosted by Susannah Streeter, delves into the far-reaching effects of generative AI (GenAI) on the tax sector. To address this pressing topic, the podcast welcomes Marna Ricker, EY Global Vice Chair – Tax; Catalina Garcia Cure, EY Global Tax AI Leader; Daren Campbell, EY Americas Tax Technology and Transformation Leader; and Matthew Duncan, Head of Thought Leadership on the Future of Work, Microsoft. The conversation focuses on how GenAI is poised to revolutionize tax functions. The discussion emphasizes GenAI's role in enhancing efficiency by automating data-heavy tasks and its potential to transform compliance by increasing accuracy and reducing error rates. Notably, GenAI's capability to process and analyze real-time data is highlighted as a game-changer, allowing tax professionals to shift from traditional compliance to a more strategic and advisory role within their organizations. The panelists explore various applications of GenAI, from improving day-to-day operations to reshaping strategic planning and forecasting in tax functions. They also address the cultural shift needed to integrate GenAI successfully, including the necessity for ongoing training and adjustment in workplace dynamics. It discusses the practical steps tax leaders can take to harness its potential effectively, providing a roadmap for integrating artificial intelligence (AI) into tax practices for enhanced decision-making and strategic advantage.

This two-part episode of the Tax and Law in Focus podcast, hosted by Susannah Streeter, delves into the far-reaching effects of generative AI (GenAI) on the tax sector. To address this pressing topic, the podcast welcomes Marna Ricker, EY Global Vice Chair – Tax; Catalina Garcia Cure, EY Global Tax AI Leader; Daren Campbell, EY Americas Tax Technology and Transformation Leader; and Matthew Duncan, Head of Thought Leadership on the Future of Work, Microsoft. The conversation focuses on how GenAI is poised to revolutionize tax functions. The discussion emphasizes GenAI's role in enhancing efficiency by automating data-heavy tasks and its potential to transform compliance by increasing accuracy and reducing error rates. Notably, GenAI's capability to process and analyze real-time data is highlighted as a game-changer, allowing tax professionals to shift from traditional compliance to a more strategic and advisory role within their organizations. The panelists explore various applications of GenAI, from improving day-to-day operations to reshaping strategic planning and forecasting in tax functions. They also address the cultural shift needed to integrate GenAI successfully, including the necessity for ongoing training and adjustment in workplace dynamics. It discusses the practical steps tax leaders can take to harness its potential effectively, providing a roadmap for integrating artificial intelligence (AI) into tax practices for enhanced decision-making and strategic advantage. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

BEPS 2.0 represents a monumental shift in global taxation. Multinational enterprises face multiple challenges, including adapting their tax operations, data acquisition, and infrastructure in response to these changes.  Brian Foley, EY's Global Tax Accounting and Risk Advisory Services Leader; Jason Yen, Tax Principal in the International Tax and Transaction Services Practice at Ernst & Young LLP; and Jay Wright, Tax Partner in the US National Tax, Accounting and Risk Advisory Services Practice at Ernst & Young LLP, discuss the intricate technicalities of Pillar Two, emphasizing its role in establishing a global minimum tax rate of 15%. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

Decentralized Autonomous Organizations (DAOs) offer a new and seamless way for individuals to connect, collaborate and capitalize on ideas using smart contracts embedded in blockchain. Host Susannah Streeter, welcomes Dennis Post, EY Global Blockchain Tax Leader, Thomas Shea, EY Americas Financial Services Crypto Tax Leader, and Darko Stefanoski, EY Digital Law Leader, Financial Services, to discuss how DAO members can best navigate the tax and legal complexity associated with this novel way of conducting business. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

The shift to digital reporting and e-invoicing offers an opportunity for companies to improve their operations, particularly in tax compliance and risk management. Podcast host Susannah Streeter welcomes Pierre M Arman, Tax Partner, EY Consulting LLC, Deirdre Hogan, Tax, Partner, at Ernst & Young - Business Advisors, and Ben Woodfield, UK&I Indirect Tax Partner, Ernst & Young LLP, to dive deep into the rise of global e-invoicing and what it will mean for business operations. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

With women-led businesses comprising only 15% of global trade, the World Economic Forum estimates it will take over a century to bridge the divide without faster policy reform. In this episode, Anne-Marie Trevelyan, Minister of State for Foreign Affairs of the United Kingdom, Sally Jones, EY Trade Strategy and Brexit Leader and Pamela Coke-Hamilton, Executive Director of the International Trade Centre, discuss the challenges faced by women in the entrepreneurial world, including limited access to finance.  EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

How to protect your business from tax risk and controversy Global businesses need robust tax governance to manage a new era of tax risk and controversy, which is resuming post-pandemic.  In this episode, Luis Coronado, EY Global Tax Controversy Leader, Fiona Moore, EY Oceania Tax Controversy Leader, and Bryon Christensen, EY US Tax Controversy Leader, discuss why businesses need to get on the front foot on tax risk and controversy.  EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

For businesses, the ESG landscape is shifting fast. Simply maintaining regulatory compliance may not be enough as voluntary disclosures increase. In this episode Paula Hogéus, EY Global Labor and Employment Law Leader, and Kasia Klaczynska Lewis, EY EU Green Deal Center of Excellence Leader, discuss how companies can further their sustainability efforts and why the law department is often the key to unlocking solutions. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

With governments publishing their plans to achieve carbon neutrality at COP27, and investors and consumers alike increasingly expecting businesses to follow suit, the stage is set for 2023 to be a year of action. Cathy Koch, EY's Global Sustainability Tax Leader, Alenka Turnsek, EY EMEIA Sustainability Tax Leader, and Jesper Solgaard, EY Asia Pacific Sustainability Tax Leader discuss how tax functions can help organizations navigate a complex global landscape of environmental taxes and incentives. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

How has Dow Chemical Company's tax function gone from being described as a ‘black box' by company leadership to saving millions of dollars and becoming an established strategic partner within the business in just four years? Marcelo Vieira, Dow's Director of Tax Strategy and Global Tax Operations and Andrea Gronenthal, EY Americas Strategic Tax Transformation Leader, discuss how Dow has evolved into one of the few tax departments that enjoys a granular yet global view of its risks and opportunities. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

By 2025 it is predicted that the metaverse economy will generate revenues exceeding $1 trillion. How should this economic activity be taxed? Podcast host Susannah Streeter welcomes Dennis Post, EY Netherlands Partner Tax, Global Leader in Blockchain Tax Services, David Wren, EY UK Tax Associate Partner and Mercy Joseph, Partner of Financial Services Tax at EY in Singapore, to discuss the challenges of tax in the metaverse. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this puggblication are not necessarily the views of the global EY organization nor its member first. Moreover, they should be seen in the context of the time they were made.

With governments offering a rising tide of incentives to attract much-needed investment, Podcast host Susannah Streeter welcomes Amarjeet Singh, EY's ASEAN Tax Leader, Kerstin Haase, EY Head of Global Incentives Advisory Practice in Europe West, and Brian Smith, EY's Global Incentives, Innovation and Location Services leader to discuss the best ways to cut through the complexity and achieve long-term value. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization nor its member first. Moreover, they should be seen in the context of the time they were made.

Widely regarded as the 'stick' that encouraged the US to come to the BEPS 2.0 negotiating table, many tax practitioners believe it is now 'mission accomplished' for digital services taxes (DSTs). However, with jurisdictions generating much-needed tax revenue from DSTs and mounting pressure for them to generate more, EY's panel of tax specialists discuss whether DST's moment in the global taxation spotlight is really over. Host Susannah Streeter welcomes Barbara Angus, EY Global Tax Policy Leader, Channing Flynn, EY Global International Tax and Transaction Services Partner, Global Technology Tax Sector Leader and Matthias Luther EY Indirect Tax Advisor EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization nor its member first. Moreover, they should be seen in the context of the time they were made.

Multinationals are bracing themselves for a spike in tax risk and controversy as authorities take action to bridge the growing revenue gap. In the face of ever-more granular scrutiny, EY's tax controversy thought leaders discuss the proactive steps, such as entering advance pricing agreements, tax teams can take to mitigate risk. Host Susannah Streeter welcomes Marlies de Ruiter, EY Global International Tax & Transactions Services Policy Leader, Luis Coronado, EY Global Tax Controversy Leader and Paul Dennis, EY UK Tax Partner EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization nor its member first. Moreover, they should be seen in the context of the time they were made.

In this episode of EY Tax and Law In Focus, we explore the profound changes facing tax in 2021. As the world seeks to recover from COVID-19, governments are waking up to the value hidden in the data that tax authorities hold on their citizens and businesses. Tax authorities are becoming more powerful as a result. We ask how far this elevation of tax authorities will go: as all transactions become digitalized, will tax collection become as sophisticated as consumer-facing big tech? Will this even spark the birth of the empathetic tax administration? And while tax authorities are undergoing an intelligent revolution in their enforcement, so companies are turning to technology to keep pace. This brings more challenges – and great opportunity. Host Simon Hobbs is joined by Kate Barton, EY Global Vice Chair of Tax; and Dr Tassu Shervani, consultant, thought leader. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

In this episode of EY Tax and Law In Focus, we explore how one moment of change led to the creation of a cutting-edge tax solution. When Discovery Communications, the multinational media group, acquired Scripps Networks in 2018, it saw the opportunity to build a new tax function – one nimble enough to navigate the fast-changing tax demands of licensing and distributing the group's IP around the world. Here we revisit the creation of its dynamic managed services solution. Host Simon Hobbs is joined by Todd Davis, Discovery's senior tax counsel, and Alan Luchs, EY's global media and entertainment tax leader. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

On this episode of Tax and Law in Focus, we focus on technology, and how it's driving change so rapid it risks being overwhelming. In the fight to stay competitive, technology is now transforming virtually every business function. But the change facing tax departments in particular is nothing short of revolutionary. As governments are investing heavily in their own tax collecting IT, so tax teams are being forced to harness technology themselves, at an ever-faster rate, just to keep up. But digital brings deeper benefits too: with a wealth of smart insights at their fingertips, tax managers can attain a greater soft power within their organizations, driving their own strategic initiatives, and adding further value to the business. Joining host Simon Hobbs to discuss this is EY EMEIA Tax Transformation Leader Clare Franklin, alongside Ross Hay, who, as Head of Global Tax Operations at the Japanese pharmaceutical giant Takeda, is one of Clare's clients. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

Welcome to the EY Podcast: Tax and Law in Focus. On this edition, we focus on the biggest business challenge of our collective lives – COVID- 19. And in particular – we concentrate on businesses that stepped-up. Businesses helping their communities. Businesses saving lives. But businesses as a direct result, also now navigating unexpected problems: legal, tax and workforce issues. To discuss this and more, host Simon Hobbs is joined by EY Global Law Leader, Cornelius Grossman, EY Global Director of Indirect Tax, Gijsbert Bulk and EY Global Leader of Business Tax Services, Rob Weber. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.