JP Executive Insight (formerly Jnet) is the bilingual newsletter of KPMG's U.S. Japanese Practice. Published since 1997, the newsletter is issued quarterly to update you on audit, accounting, tax, and other business issues relevant to Japanese companies operating in the United States.
During the final quarter of 2017, multinational enterprises (MNEs) watched as U.S. tax reform legislation went from longshot to enacted legislation in the course of a few months. MNEs are rightly focused on the sweeping changes wrought by the new law. However, savvy tax directors should also be preparing for the coming wave of tax controversy spawned by the Organisation for Economic Co-operation and Development's (OECD) Base Erosion and Profit Shifting (BEPS) project—from which global tax law changes have continued apace.
While enterprises have high expectations of the impact of IA, they are not yet ready to implement it from the top down and at scale. This report summarizes KPMG's research into how IA is currently impacting business and operating models. It provides recommendations for how companies can plan for and implement an IA strategy that will help enable them to compete with digital-first competitors and thrive in a digitally driven world.
As we've seen in the headlines, corporate culture is front and center for companies, shareholders, regulators, employees, and customers. Not surprisingly, the focus tends to be on corporate culture as the culprit—with headlines of sexual harassment, price gauging, shady sales practices, and other wrongdoing. As a result, boards themselves are in the headlines—with an expectation that they need to "fix" broken cultures.
Digital Health is a term that has been used in so many different contexts, the definition has become blurry. We have come to define it as the combination of healthcare, life sciences and technology capabilities to fill unmet needs in the patient journey. This paper and those that follow are intended to serve as guides for life sciences organizations seeking to determine where the opportunities and threats lie as digital health becomes more mature and ubiquitous.
In this section, we provide a summary of brief updates from the previous quarter on regulatory developments in auditing and accounting that may impact Japanese companies in the United States.
In this section, we provide a summary of brief updates from the previous quarter on legislative, judicial, and administrative developments in tax that may impact Japanese companies operating in the United States.