As a newly minted contributor to Forbes.com, he’s building on his industry reputation as the go-to-guy for corporate tax advice with thought-provoking blogs that speak to innovation and leadership.
Highly entrepreneurial, highly competitive and highly esteemed, few things stir the passion of Joe Harpaz more than delighting customers and producing great results. We asked Joe to riff on a variety of topics, including his team’s success, what he’s learned along the way, and what it means to be delighted.
Can you tell us about a time you yourself were delighted as a customer, and what you learned from the experience?
Harpaz: I think delight happens when you enjoy an experience because of an element of positive surprise – getting more than you could’ve expected. Sometimes this can be financially meaningless, but it makes a statement to show caring or sensitivity about the emotional aspect of a purchase. In today’s world, this is probably most apparent in consumer-related purchases where retailers are trying to really differentiate themselves through the experience and not just the product. (more…)
Earlier this month, Tax & Accounting’s Chief Marketing Officer, Toby Lee, was recognized by the National Association of Asian American Professionals with its 2013 Leader of Excellence Award for the Dallas chapter.
This annual award is bestowed by the NAAAP-DFW on those professionals in the Asian American community who have achieved noteworthy success in their professions and who have made a significant impact in their local communities. For this year’s award, five winners were selected from a pool of nominees in the Dallas-Ft. Worth area. (more…)
As a global leader in providing unbiased, accurate and up-to-the-minute news and information to our customers across a variety of professions, it is essential that trust remain a cornerstone of how we do business. For more clarity on trust and its role within each of our businesses, we talked with several of our business leaders to gather their thoughts on the importance of trust in the professional areas we serve.
“Compliance is an everyday term in the Tax & Accounting sector. You either are compliant or are not. It’s that simple. But when you are dealing with incredible complexity, it’s anything but simple. That’s why our clients trust us to ensure they are compliant with tax and accounting requirements, and remain so.
Addressing legislative changes, increased regulation and a requirement to be transparent in this global economy are no easy tasks. Our clients trust us to work with them to achieve compliance in over 175 countries, providing them with the relevant news, policy changes, rate updates and technology that enable them to efficiently plan, prepare and submit the required tax and accounting filings — accurately and on time — wherever they choose to do business.”
Read the full article to hear more from our business leaders on what trust means to them.
Check out our other stories on trust:
Members of our Tax & Accounting team from across the world recently converged on Copenhagen, Denmark, to attend the global IFA Congress. The annual event is held by the International Fiscal Association (IFA) and is attended by thousands of global, senior-level executives from the tax and accounting industry.
Because of its exclusivity to senior-level executives from companies around the globe and across our multiple segments—corporations, accounting firms, law firms and governments—the IFA Congress is a rare event that reaps big benefits. It is an opportunity to showcase our business and products to thousands of decision-making attendees.
Thomson Reuters began attending the IFA Congress five years ago, when the Tax & Accounting division was first embarking on its global strategy. The event provided a springboard into the global audience. Now, in our fifth year of sponsoring the event, our purpose for attending has migrated from brand awareness to thought leadership. (more…)
During the month of October, Thomson Reuters will be honoring its commitment to diversity and inclusion. A major component of this initiative is the celebration of the leadership of women in the workforce. For the Tax & Accounting family, we are fortunate to have many female leaders who are helping to transform the business every day.
One such leader is Sari Dweck, our general counsel and the head of Tax & Accounting’s Legal team. We caught up with Sari to ask about her career journey, how she overcame challenges along the way, and the advice she would offer to others who would emulate her success.
What has been your career path so far?
Dweck: I grew up in Brooklyn (before living in Brooklyn was chic). I went to Barnard College / Columbia University as an undergraduate on full scholarship because my family couldn’t afford the tuition. I then went to NYU Law School. I worked part-time throughout college and law school. Once I graduated from NYU, I joined a medium-sized law firm in NYC (now named Cooley Kronish) as an associate. I worked very long hours and learned a lot. At that time, the culture of the firm, like most firms of that size in NYC, was very intrusive on personal time and the lives of its associates.
One day, an associate from another department who had already tendered his resignation, asked me whether I would consider interviewing with a friend of his family. The friend was the managing partner of a smaller firm and was searching for a junior corporate lawyer to join his firm. I said OK, even though I wasn’t yet planning to leave my current firm at that time. Once I met Bob (the managing partner of the smaller firm), I realized instinctively that his firm (Lowenthal Landau) was a better place to work, and so after some deliberation, accepted a position there. This firm had about 35 attorneys, was more cohesive and cared about the work/life balance. (more…)
Accounting Today named two Thomson Reuters executives to its 2013 list of the Top 100 Most Influential People, a group that is shaping the future of the accounting industry.
Brian Peccarelli, president of the Tax & Accounting business of Thomson Reuters, was selected for the third year in a row. Accounting Today highlighted his leadership in an increasingly complex global tax landscape. “Even as he keeps Thomson Reuters on track in terms of serving accountants’ needs,” the magazine writes, “Peccarelli also is leveraging the company’s enormous worldwide footprint to help professionals in public practice and industry function better in an era of rapid globalization.”
Jon Baron, president and managing director of the Professional unit within the Tax & Accounting business, was named to the Most Influential list for the eighth time. The magazine cited his pivotal role directing a successful business unit that is an “industry-leading provider of tools and resources for tax preparation and accounting professionals.”
A number of innovative approaches will likely be needed to address the challenges of the digital economy as raised in the OECD’s base erosion and profit shifting (BEPS) Action Plan, panelists said on August 28 at the 67th Congress of the International Fiscal Association (IFA) in Copenhagen.
According to the OECD, BEPS “refers to tax planning strategies that exploit loopholes in tax rules to make profits disappear for tax purposes or to shift profits to locations where there is little or no real activity but where they are lightly taxed, resulting in little or no overall corporate tax being paid.” In most instances, BEPS strategies employed by taxpayers are legal.
In February 2013, the OECD concluded that international tax standards have not kept pace with changes in global business practices. This potentially allows sophisticated multinationals to achieve single-digit effective tax rates while their smaller counterparts, who often only operate domestically, pay tax at effective rates of up to 30 percent.
In July 2013, the OECD released an Action Plan on BEPS, calling for new international standards on corporate taxation, a better alignment of taxation with income-producing activities, improvements to the current transfer pricing rules, and greater overall transparency.
The Action Plan lists 15 steps to address BEPS, including addressing the tax challenges of the digital economy. This includes examining issues such as a company’s ability to have a significant digital presence in the economy of another country without being liable for tax due to the lack of nexus under current rules, the characterization of income derived from new business models, the application of related-source rules, and how to ensure the effective collection of VAT/GST with respect to the cross-border supply of digital goods and services.
Other steps in the Action Plan seek to: (more…)
Tax practitioners from Copenhagen, Hong Kong, and New York weighed in on the tax implications of selling mobile apps across borders during an August 26 panel discussion sponsored by Thomson Reuters at the 67th Congress of the International Fiscal Association.
The panel considered the sale of an app for iPhone users by a U.S.-based software developer for a nominal fee. Premium features would be sold to users for a monthly fee and revenue could also be generated through the placement of ads within the app. The software developer maintains no physical presence outside the U.S. and merely uploads the app to the App Store in the U.S. and makes the software available for sale around the world, including in Denmark and China.
Cloud transaction could give rise to VAT and income tax considerations in China. Stephen Nelson of DLA Piper (Hong Kong) said that the taxation of cloud commerce is not specifically addressed under Chinese legislation. Under the existing Chinese regime, licensing is sourced where the payor is located and income from services is sourced where the services are performed.
With respect to VAT, even if the service provider is outside of China but the payments originate in China, the transaction will be subject to VAT. (more…)
As jurisdictions continue to embrace the automatic exchange of information, concerns are being raised about the extent to which taxpayers lack adequate protections.
“Does passing taxpayer information without his or her knowledge violate privacy right principles?” asked Prof. Jennifer Roeleveld of the University of Cape Town’s Faculty of Commerce on August 27, 2013 at the 67th Congress of the International Fiscal Association in Copenhagen. (more…)
Targeting tax and accounting professionals, treasury and finance teams and in-house legal counsel, the ASEAN Tax Bulletin informs about changes in tax regulations, treaty updates, tax cases, transfer pricing and other relevant tax information in the ASEAN region, as well as other tax news of interest in the wider Asia-Pacific countries.
Key countries covered include Singapore, Malaysia, Indonesia, Thailand, Philippines and other ASEAN countries. The bulletin is sent out every Friday morning (GMT+8) and as of now, the weekly bulletin is distributed in the format of newsletter. Simply send us a request to subscribe.