Highlights
- Direct tax is paid directly by the taxpayer to the government and commonly includes individual income tax, corporate income tax, property tax, estate tax, and payroll tax.
- Direct tax compliance can become complex for businesses managing multiple jurisdictions, state apportionment rules, and evolving reporting requirements.
- Modern tax teams use technology to improve accuracy and efficiency by centralizing data and automating calculations.
To dig deeper, visit the original article on the Thomson Reuters blog.