Sales and use taxes may become much more problematic as states look to increase revenues. It's time for your company to look into managing its sales and use taxes more effectively. Deploying the right software can help you handle the challenge and cut the cost of figuring out what you have to pay.

President Obama hopes that paring back a key tax break for U.S.-based multinationals will save American jobs. But will it do the opposite?

The changeover from GAAP to IFRS will have far-reaching impacts on corporate taxpayers and their auditors, tax practitioners, and the IRS itself. An article by George L. White at the American Institute of Certified Public Accountants (AICPA) provides a helpful overview of the changeover's likely effect, particularly on earnings and profits, transfer pricing, inventory issues (including LIFO), revenue recognition, and change of accounting methods.

Just how much do companies actually pay in corporate income taxes? According to a new study of S&P 500 companies, the range of variation in tax burdens is huge, with businesses paying anything from close to zero to more than 390 percent.

The Cayman Islands, one of the world's largest tax havens, comes under close scrutiny in a new video report. The producers gleefully flash the names of well-known corporations across the screen, among them Deloitte, AIG, Lloyd's TSB, JP Morgan, and KPMG. But the clip is just as interesting for its shots of the Caymanian capital, George Town, and its inhabitants as for its discussion of the islands' place in the global tax system.

Sales tax collections have dropped dramatically, which has caused serious problems in some states' budgets. How will states recover from the shortfall? A majority of tax pros think they'll make up their money by increasing the number of audits.

Revenue-hungry states are eyeing a traditional target -- the alcohol industry. But their attempts to up the dues on brews are stirring potent opposition.

A public pillory is certainly a dramatic form of punishment. Nearly one-third of states are trying to shame businesses into coughing up overdue tax payments. But how effective is it?

Remember the "repatriation tax holiday" -- more properly known as the American Jobs Creation Act (AJCA) of 2004? Researchers at the University of Kansas looked at how much the companies that lobbied for the tax break gained from it. Their study found that corporations that invested in lobbying efforts received, on average, a whopping $220 for every dollar they spent.

The 6th Annual BPM Summit, Generating Value Through Visibility, brought together some of the business world's foremost practitioners to explore the transformational role of finance in the enterprise. If you missed the live event, you can still enjoy unlimited access to the audio and slide shows from the keynote speaker presentations at our on-demand archive.

Because you're a part of the Business Finance community and we've entered into a partnership with Palladium, you can SAVE $1000* off Palladium's Planning & Budgeting Conference, June 11-12 in Boston, with code BFNL! Hear best practice examples from American Express, APQC, Electronic Arts, Giant Eagle, Inc., Google, HP, Lenovo, Louisiana Workers Compensation Corporation (LWWC), Millipore Corporation, The Stanley Works, Wal-Mart, and More! Click here or call 800.554.2111 to register.