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  Since the new Canadian digital services tax went into effect on June 28, many U.S. companies have been pondering how it will affect their e-commerce businesses — and what chunk of their budget this foreign tax burden will consume. The Canadian digital services tax, or CDST, passed despite U.S. objections. And, on Aug. 30, […]

It’s the era of Industry 4.0, and manufacturers are more technologically advanced than ever.  According to BDO’s 2024 Manufacturing CFO Outlook Survey, manufacturers are doubling down on their digital investments: 47% plan to increase investments in artificial intelligence (AI) and machine learning this year. Other technologies are seeing similar investments, including cloud computing (46%) and […]

  In a 7-2 decision, the U.S. Supreme Court on June 20 upheld as constitutional the Internal Revenue Code Section 965 transition tax, also known as the mandatory repatriation tax (MRT) enacted as part of the Tax Cuts and Jobs Act of 2017 (TCJA), while leaving open the question of the constitutionality of wealth taxes, […]