COVID-19 Pushes Tax into the Spotlight as Strategy for Resilience
02/23/2021 | 09:33am EDT
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Taxation of digital products and services will have the greatest impact on total tax liability
Mapping the effects of the pandemic is tax executives’ No. 1 priority for 2021
While an economic downturn had long been anticipated, no one expected a pandemic would plunge the globe into economic chaos with such exacting scope and speed. When Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020, tax became an integral part of business response and planning for relief. In fact, 99% of tax executives said they’ve been involved in their organization’s response to the economic slowdown caused by COVID-19, according to the