Countrywide Financial Corporation, the US’s biggest mortgage lender, has selected Taxware Enterprise and TaxSolver, owned by Taxware, as its global transaction tax calculation and reporting software solution. The implementation, which is scheduled to be completed this spring, will be one of the tax compliance industry’s first global transaction tax systems to integrate with PeopleSoft Enterprise Payables 8.8. Since it purchases taxable goods and services for more than 100 business units across the United States plus the United Kingdom, Japan and India, Countrywide required a transaction tax calculation system that could keep pace with not only the constantly changing sales and use tax laws in the United States, but Value Added Tax (VAT) as well.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.