Tax/Finance Transformation
This is the definition of transformation in the business environment.
What is making fundamental changes in how business is conducted in order to help cope with the shifting market?
This is the acronym for states that do not have a sales tax.
What is NOMAD?
Changing the entire world around us... ushering in Global Connectedness
What is Digital Disruption
A tool created by OpenAI that enables users to refine and steer a conversation. Also known as a "large language model chatbot."
What is ChatGPT
A type of assignment whose length is greater than 6 months and less than 1 year.
This tool was used to clean up and consolidate trial balance spreadsheets in a hands-on activity.
What is Alteryx?
This is an example of an "ad valorem" tax.
What is a tax on real estate?
The degree to which a taxpayer complies with the tax rules of the country or jurisdiction, by declaring income, filing a return or electronic submission and paying the tax due in a timely manner.
What is Tax Compliance
An advanced database mechanism that allows transparent information sharing within a buisness network. Relates to (Digital currency, Supply chain tracing, and NFTs)
What is Blockchain
Workers moving within or between organizations, industries, or countries, including global movement, or transitioning professionally across various occupations or skills.
What is Talent mobility
This is a trend in the field of tax transformation.
What is growing business complexity and regulations?
This is the European equivalent of a sales and use tax.
What is VAT?
What are 4 examples of Enterprise Resource Planning Systems?
What is SAP, Oracle, PeopleSoft, JD Edwards , Workday, Microsoft Dynamics
A tool created by microsoft by users to create text-to-image AI photos.
What is DALL-E
Consequences that involve personal income tax and payroll
What are US domestic travel consequences
This is the first step in mapping and driving forward tax technology transformation.
What is defining a tax department vision?
This is one of the largest challenges in property tax.
What is data management?
What is Power BI
A platform for gathering a human perspective on moral decisions made by machine intelligence, such as self driving cars. (In class activity)
Golden parachutes, Fringe benefits, Pensions, Health and welfare, and deferred compensation
What is Rewards of global mobility
What are 1.) strengthening operational transfer pricing, 2.) improving tax data management and governance, and 3.) preparing for future administrative requirements for digital tax?
This specifies how programs "talk" to each other.
What is API?
What is Section 250, 951A and 59A Respectively?
What is FDII/GILTI, GILTI, BEAT
a machine learning technique that uses feedback to teach an agent how to behave in an environment
ensures that employees moving between countries don't see changes in their take-home pay because of different tax rules in each country
What is Tax equalization