Pillar 2 tax heightens CFO need for quality data; SEC drops scope 3 from final climate rule; GE finance veteran to join United Natural Foods; Legacy tech stymies cost-cutting innovations
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In 2021 more than 130 countries agreed to implement Pillar 2, which seeks to set a global minimum effective tax rate of 15% for certain multinational enterprises.
The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.
Most companies fell short of their cost-reduction targets last year, with half citing challenges related to legacy tech as a top barrier, Deloitte found.
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Companies are under pressure in 2024 to operate in a sustainable manner. Learn how the US federal tax policy allows corporations to profit while supporting renewable resource energy in this playbook.
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