Digital transformations through a tax planning lens

As market pressures drive the requirement for new, digitally enabled business models, most organizations understand the need to undergo at least some form of digital transformation. For those that span geographical boundaries or that are looking at global expansion to accelerate growth, it has become a modern-day necessity.

The amount companies are spending on digital transformation is expected to grow from $469.8 billion in 2020 to $1,009.8 billion by 2025, at a compound annual growth rate of 16.5% during this period¹

With this rapid acceleration in growth of digital business models, many companies are faced with a need to move quickly and make significant investments in people and technology.

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_{The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.}

^{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.}