JP Executive Insight Newsletter - Issue 2, 2023

JP Executive Insight (formerly Jnet) is the bilingual newsletter of KPMG 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.

日本語のページはこちら (Read in Japanese)

 

> Go to KPMG U.S. Japanese Practice page
> Reach out to KPMG U.S. Japanese Practice

 

Steady at the wheel - 2023 Chief Tax Officer Outlook Study

Pressure on tax is coming from all directions and redefining its value to the business. Chief tax officers (CTOs) are being asked to contribute information and insight in areas far removed from annual filings and regulatory compliance. To varying extents, reacting to changes in the broad spheres of geopolitics and economics, supply chain and operations, corporate citizenship and ESG, talent and workforce, technology and data, and M&A and corporate development are all now part of the CTO mandate.

Evaluating supplier financial health and weighing repatriation - Voice of the CSCO

Supplier engagement, supplier financial health, supply chain re-patriation, and vertical integration were the main topics discussed by Chief Supply Chain Officers (CSCOs) from a cross-section of industries at a forum convened by KPMG. Rob Barrett (US Supply Chain Advisory Leader) was the host joined by Brian Higgins, U.S. Supply Chain Operations Leader, and Mary Rollman, Principal, U.S. Supply Chain Operations.

Frictions upon reentry: Three landing scenarios - KPMG Economics

The chief economist of KPMG US, Diane Swonk, spent a few weeks in on and off-the-record meetings with economists, central bankers and finance ministers around the world in spring. They had been assessing the potential spillover effects of recent financial market volatility. Swonk shares what she gleaned from those meetings in this report; including three landing scenarios.

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. This report highlights that an integrated business and tax approach to digital transformations can deliver better operational and economic results.

Auditing and Accounting Update

This section provides 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.

Tax Update

This section provides 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.