Tax Management Market to reach US $32 billion by 2025 – Global Insights on Key Trends, Growth …

The advent of blockchain technology is expected to boost the adoption of tax management software solutions. Email Print Friendly Share. October 22, …

Dallas, Texas, Oct. 22, 2020 (GLOBE NEWSWIRE) — The “Tax Management Market by Component (Software and Service), Tax type (Direct Tax and Indirect Tax), End Users (Individual and Commercial), Industry Vertical (BFSI, Retail, Manufacturing, Healthcare, IT & Telecom, Media & Entertainment, and Others), and by Region (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America), Global Forecast, 2018 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.

Request a pdf sample at https://www.adroitmarketresearch.com/contacts/request-sample/1501

The global tax management market size is anticipated to reach nearly USD 32 billion by 2025. In addition, it is expected to exhibit a CAGR of nearly 12% during the forecast period 2020-2025. Tax management refers to the management of funds and assets to pay taxes. The primary objective of tax management is to fulfill the provisions of income tax rules and regulations. Also, it comprises tax deduction at source, auditing of accounts, filing of tax returns in time, and others.

The existing and future tax management market developments are outlined to determine the attractiveness of the market. Key impacting factors highlight the tax management market opportunities during the forecast period. Factors such as the increasing number of transactions due to digitization across numerous industry verticals. Besides, complexities associated with the existing tax systems are also one of the major reasons driving the tax management market growth. However, the growing concern about the confidentiality of data is expected to hamper the market growth. Furthermore, the advent of blockchain technology is expected to offer major growth opportunities for the market in the forthcoming years.

Browse the full report with Table of Contents and List of Figures at https://www.adroitmarketresearch.com/industry-reports/tax-management-market

The report also highlights various characteristics of the global tax management industry by valuing the market through value chain analysis. In addition, the report comprises several qualitative features of the tax management industry that covers market drivers, restraints, as well as key industry opportunities. Additionally, the report offers a comprehensive valuation of the market rivalry along with company profiling of local as well as global vendors.

The tax management market has rigorous competition between the pre-established and new emerging market players. Also, the tax management industry players are aiming at potential markets to seize a competitive lead over the other industry players by forming acquiring new startups & other companies, agreements, forming collaboration and partnerships, mergers & acquisitions, and expanding their business presence.

Purchase the report at https://www.adroitmarketresearch.com/researchreport/purchase/1501

Based on the component segment, the market is divided into software and services. In 2019, the software segment gathered the highest market revenue and it is projected to remain dominant throughout the forecast period. The dominance of this segment is primarily attributed to the increasing preference for cloud-based software deployments. However, the services segment is projected to attain the highest growth during the forecast period.

The North America region is anticipated to gather the highest market share during the forecast period. The dominance of this region is primarily accredited to the increasing investment in new sports analytics technology. However, the Asia-Pacific region is expected to experience the highest growth during the forecast period 2020-2025. The market growth in this region is mainly attributed to the increasing number of sports leagues and the growing trend of digitalization in this region.

Are you looking for a DISCOUNT? If yes, then get in touch with us at https://www.adroitmarketresearch.com/contacts/discount/1501

The major players of the global tax management market are SAP, Wolters Kluwer, Vertex, Avalara, Intuit, Outright, H&R Block, ADP, Blucora, and Sovos. Moreover, the other potential players in the tax management market are Canopy Tax, DAVO Technologies, Defmacro Software, Sailotech, and TaxCloud. The recognized companies are coming up with innovative and new tax management software solutions. For instance, in November 2019, Avalara, a tax compliance automation software provider partnered with Open Systems, Inc., business management software Solution Company. With this partnership Open Systems, Inc., integrated with Avalara’s SouthWare ERP and ProcessPro solutions to provide a comprehensive view of an entire operation to their customers which would further allow them to make data-driven decisions.

Major Points from Table of Contents:

Chapter 1 Introduction

Chapter 2 Research Methodology

Chapter 3 Executive Summary

Chapter 4 Market Outlook

Chapter 5 Tax Management Market by Component

Chapter 6 Tax Management Market by Tax Type

Chapter 7 Tax Management Market by End Users

Chapter 8 Tax Management Market by Industry Vertical

Chapter 9 Tax Management Market By Region

Chapter 10 Competitive Landscape

Chapter 11 Company Profiles

Access research repository of Upcoming Reports @ https://adroitmarketresearch.com/upcoming.html

About Us:

Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Contact Us:

Ryan Johnson

Account Manager – Global

3131 McKinney Ave Ste 600

Dallas, TX 75204

Email ID: sales@adroitmarketresearch.com

Phone No.: +1 972-362 -8199

Connect with us: Facebook | Twitter | LinkedIn

Corporate Tax Software Market Forecast Analysis 2020 – 2026 with Major Key Players – H&R …

… with Major Key Players – H&R Block, Credit Karma, Bloomberg Tax Fixed Assets, inDinero, TaxJar, Vertex, Corptax, TurboTax Business, Avalara.

The analysis supplies a holistic summary of this global Corporate Tax Software market with the assistance of application sections and geographic regions that regulates the industry now and explains the industry growth hampering due to COVID-19.

International Corporate Tax Software market report 2020 supplies a skilled and comprehensive study on the present condition of the industry alongside competitive landscape, global Corporate Tax Software market share and sales predictions 2026. The analysis introduced the fundamentals: product specifications, categories, software, and industry series review; Corporate Tax Software industry policies and plans; definitions; fabricating procedures; cost arrangements and so forth. Subsequently, it studied the Corporate Tax Software key region market requirements, for example, product price, benefit, capacity, production, capacity use, distribution, demand, and industry increase rate, etc. The Corporate Tax Software report introduced investment yield investigation, investment feasibility investigation, and SWOT and PESTEL analysis.

Request for a free sample report herehttps://www.orbisresearch.com/contacts/request-sample/5125217

Review of this analysis: The report starts with the market review and goes on to pay the increased prospects of their Corporate Tax Software markets. Industry 2020 is a professional report bringing market research data which will be relevant for players that are based or new market entrants. Corporate Tax Software key strategies of these businesses operating from also their impact investigation and the market are within the report. A Corporate Tax Software business summary, revenue share, and analysis of their players from the market are offered from the report.

The most significant players coated in Global Corporate Tax Software Market report-

H&R Block

Credit Karma

Bloomberg Tax Fixed Assets

inDinero

TaxJar

Vertex

Corptax

TurboTax Business

Avalara

Research Coverage: Mixing the information integration and analysis capacities with the findings that are applicable, this report also has predicted the strong prospective rise of this Corporate Tax Software market in every its geographic and product sections. Along with that, several factors that will contour regression models and the Corporate Tax Software industry to ascertain the future management of these markets are employed to produce the report.

Main Product Type coated in Corporate Tax Software sector –

Cloud Based

Web Based

Application coated in Corporate Tax Software sector –

Large Enterprises

SMEs

Ask our Expert if You Have a Query at: https://www.orbisresearch.com/contacts/enquiry-before-buying/5125217

The research objectives of the report are:

  • To equitably share comprehensive info concerning the Corporate Tax Software significant elements affecting the growth of industry (increase capacity, opportunities, drivers, along with industry-specific challenges and risks).
  • By obeying its subsegments to learn the market.
  • To profile the players that are vital and analyze their growth aims.
  • To project the total quantity and significance of Corporate Tax Software sub-markets, according to essential regions (various essential conditions).
  • To investigate Corporate Tax Software concerning prospects, growth trends, and their involvement in the business.
  • To study and examine the global Corporate Tax Software market size (volume & value) by the corporation, fundamental regions/countries, services and products, and application, background information in 2015 to 2019, and prediction to 2026.
  • Forthcoming years primary manufacturing Corporate Tax Software businesses, analyze, describe and to define the type earnings level, value and market share, promote competition landscape analysis and development plans.
  • To look at advancement including as acquisitions, arrangements, new product launches, and expansions.

The listing supplies hints on the Upcoming pointers:

1.Business Diversification: Exhaustive Corporate Tax Software information about new services, untapped geographies, latest advances, and also investments.

2. Aggressive Assessment: In-depth investigation of stocks, plans, services, and manufacturing capabilities of these top players.

3. Business Penetration: Comprehensive information on Corporate Tax Software made accessible the very active players in the global sector.

4. Product Development/Innovation: Comprehensive information about technology, R&D pursuits, together with brand new product launches out of the global Corporate Tax Software market.

5. Market Development: Comprehensive information regarding flourishing emerging markets which the report assesses the market to get Corporate Tax Software worldwide record.

Direct Purchase Report @ https://www.orbisresearch.com/contact/purchase-single-user/5125217

About Us:

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Us:

Hector Costello

Senior Manager – Client Engagements

4144N Central Expressway,

Suite 600, Dallas,

Texas – 75204, U.S.A.

Phone No.: USA: +1 (972)-362-8199 | IND: +91 895 659 5155

Email ID: [email protected]

Global Tax Management Software Market 2020 To Reach Millions($) in Revenue At Highest CAGR …

Credit Karma Empower Exactor Longview Solution RepaidTax. Rethink Solutions Scivantage TaxACT SureTAX. Taxbrain TaxCloud SaaS. Installed- …

The Global Tax Management Software Sales Market Report by Orbis Research delivers the information about market competition between vendors through regional segmentation of markets in terms of revenue generation potential, business opportunities, and demand & supply comparison taking place in the future. It also provides accurate calculations and sales report of the segments in terms of volume and value. The report introduces the industrial chain analysis, downstream buyers, and raw material sources along with the accurate insights of market dynamics. Understanding the global perspective, the Tax Management Software Sales market report introduces an aerial view by analyzing historical data and future growth rate.

Looping onto the leading vendors of the Tax Management Software Sales market, the research report recognizes several key manufacturers and strategizes the acquisitions and mergers players focusing on competing the global Tax Management Software Sales market. The Tax Management Software Sales market is categorized into several segmentation including type, application, and region. Moreover, it measures the sales and revenue during the forecast period with the help of recognizing the importance of several different factors aiding the market growth.

Request for a sample report herehttps://www.orbisresearch.com/contacts/request-sample/4357599?utm_source=Birendra

The Tax Management Software Sales market is categorized into several segmentation including type, applications and region. The Tax Management Software Sales market landscape and leading manufacturers offers competitive landscape and market development status including the overview of every individual market players. The report delivers the detailed data of big companies with information about their revenue margins, sales data, upcoming innovations and development.

Key players in the Tax Management Software Sales market, including:

Avalara

Outright

Shoeboxed

SAXTAX

H&R Block

CrowdReason

Paychex

Drake Software

Taxify

Accurate Tax

Canopy

Beanstalk

CCH

ClearTAX

Credit Karma

Empower

Exactor

Longview Solution

RepaidTax

Rethink Solutions

Scivantage

TaxACT

SureTAX

Taxbrain

TaxCloud

SaaS

Installed-Mobile

TaxSlayer

TaxJar

TurboTax

Tax Management Software Sales market product types is as follows:

Sales Tax

Income Tax

Others

Tax Management Software Sales market application include:

Transportation

Manufacturing

BFSI

Energy and utilities

Telecom & IT

Healthcare

Retail & consumer goods

Government

Others

Likewise, this report contains major drivers, opportunities, restraints, and threats for major vendors. It also offers granular analysis of market segmentation, share, regional analysis, as well as revenue forecasts. Moreover, the Tax Management Software Sales market report offers a basic overview of the market such as applications, definitions, classifications, as well as industry chain structure. Using the report, consumer can identify several key dynamics of the market that holds an effective impact and govern.

Inquire about the report:https://www.orbisresearch.com/contacts/enquiry-before-buying/4357599?utm_source=Birendra

The Tax Management Software Sales market segmentations have been analysed on the basis of past, present, and future market trends. In addition, the report offers a complete analysis of the service providers in the global Tax Management Software Sales market. This report by ORBIS Research provides information regarding the financial overview, growth strategies, as well as product details. This report also caters several development plans and policies with cost manufacturing processes & cost structures. The study also provides data about importation and exportation consumption, revenue, cost, supply & demand figures, and gross margins. The Tax Management Software Sales market report offers key statistics on the market status.

In a nutshell, market research is an art desirable of gathering data via surveys and deep market study by a team of subject matter experts. A market research report provides direction and rationale of the market through a professional approach based on comprehensive investigation of Tax Management Software Sales market. This report aiding its reader’s in enhancing marketing and business management strategies so that they allocate money and time in exact direction.

Table of Contents

1 Executive Summary

2 Market Analysis by Types

3 Product Application Market

4 Manufacturers Profiles/Analysis

5 Market Performance for Manufacturers

6 Regions Market Performance for Manufacturers

7 Global Wire Marking Labels Market Assessment by Regions (2014-2020)

8 Development Trend for Regions

9 Upstream Source, Technology and Cost

10 Channel Analysis

11 Consumer Analysis

12 Market Forecast 2021-2026

Continued…

Browse full report @https://www.orbisresearch.com/reports/index/global-tax-management-software-sales-market-sales-revenue-and-competitors-analysis-of-major-market-from-2014-2026?utm_source=Birendra

About Us:

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Us:

Hector Costello

Senior Manager – Client Engagements

4144N Central Expressway,

Suite 600, Dallas,

Texas – 75204, U.S.A.

Phone No.: USA: +1 (972)-362-8199 | IND: +91 895 659 5155

Email ID: [email protected]

Cineworld provide update to customers in Scotland – with Unlimited card holders set to enjoy a …

While Cineworld cinemas in Scotland have not yet reopened, the company also informed customers that there will be a reduction in price for Unlimited …

In an email sent to customers, they wrote: “Our main priority remains the safety of our customers and staff. We of course follow all instructions and regulations of the local authorities and, with the current government guidelines and regulations in Scotland, it is still not viable for our cinemas to re-open. Rest assured we are continuing to monitor the situation closely.

READ MORE: Inside Scotland’s cinemas post-lockdown — all the changes you need to know about

“In the meantime, rest assured that you will not be charged for your Unlimited membership until your local cinema re-opens, at which point we will first credit you for any payments made during our closure period. We will be in touch with more details – as well as your free 2D adult Cineworld ticket to treat a friend – once we have a confirmed re-opening date for cinemas in Scotland.

READ MORE: Coronavirus: Cineworld provide update to Unlimited Card members

“As you may be aware, the UK government introduced a temporary reduction in VAT to support the leisure sector. As a thank you for staying with us during the time our cinemas have been closed, we’re pleased to pass on the VAT reduction for your membership as long as we receive it, which is currently until 12 January 2021. This will start applying to any payments we take for your membership going forward, meaning your monthly fee will be reduced to only £16.10.”

Singapore Budget 2020 measures needed to boost adoption of blockchain technology

Some of the greatest use cases of distributed ledger technology (DLT)—of which blockchain is only one type—are in the financial services (FS) sector, …

Blockchain has been one of the most talked about technologies in recent years. Though blockchain has not reached its full potential, respondents to Deloitte’s 2019 global blockchain survey reported a shift in focus from cryptocurrency applications towards other applications.

Some of the greatest use cases of distributed ledger technology (DLT)—of which blockchain is only one type—are in the financial services (FS) sector, as DLT can be used to automate and securely settle complex transactions without trust, which has traditionally only vested in regulated financial institutions.

As a leading global financial centre, Singapore has been at the centre of DLT developments in FS within Asia and more widely. As we approach Budget 2020, this article considers tax measures that could further enhance Singapore’s position in the FS and fintech ecosystems.

Recent developments

DLT was first proposed in 2008 as the basis for developing a decentralised financial system. However, subsequent development of functions and additional infrastructure built on base-layer DLT architecture facilitates a much greater variety of applications.

Much of the initial development of DLT occurred in the context of cryptocurrencies, and by start-ups rather than existing financial institutions (whose stock in trade has been fiat currency—the direct competitor to cryptocurrencies).

Unencumbered by existing operating models and legacy systems concerns, some small and medium-sized enterprises engaged in DLT development have moved away from fintech proper into the realm of FS, leading to the emergence of challenger operating models across FS subsectors.

To date, DLT has made remarkable impact in the FS sector, including the creation of new asset classes (e.g. cryptocurrencies and utility tokens), disintermediation and greater automation of supply chains (e.g. decentralised finance) and optimisation of real-world activities (e.g. in trade financing).

Whilst the potential of DLT is exciting, how can FS stakeholders in Singapore benefit from the adoption of DLT? The upcoming Budget 2020 can help to address some of these opportunities for Singapore.

Potential income tax measures

The MAS presently offers grants relating to fintech and innovation, and certain direct tax incentives are also available to encourage FS activity, including the Financial Sector Incentives (FSI) and tax exemption of qualifying income of Singapore managed investment funds (the Funds Exemptions). Whilst existing grants frameworks may facilitate development of challenger operating models, modification of direct tax incentives could stimulate activity vis-à-vis new asset classes.

The FSI provide incentivised income tax rates to income derived by approved persons from specified activities pertaining to prescribed asset classes. Such asset classes often include derivatives (which may capture security tokens), but they do not currently include income derived from (other types of) DLT-based assets. Consequently, the existing FSI likely currently applies to a very limited number of DLT- and/or cryptocurrency-related investment activities. Similarly, the Funds Exemptions—which also apply only with respect to prescribed assets—do not provide for exemption of qualifying funds’ income derived from DLT-based assets.

Internationally mobile stakeholders are increasingly seeking a suitable location from which to engage in investment business and/or fund management activities in respect of top market capitalisation DLT-based assets; and, presently, the conclusion typically reached is that activities should be located outside Singapore because of inefficiencies that arise from the non application of the existing incentives to DLT-based assets and/or related activities.

Updating what comprises qualifying income for the purposes of both the FSI and Funds Exemptions to capture income derived from tokenised and DLT based assets could add to the breadth of the country’s FS sector and would also enhance the liquidity of the new asset classes in a way that is likely to produce other positive economic spin-off benefits. In principle, related risks could be managed through existing regulatory frameworks.

Potential GST measures

A source of consternation amongst DLT stakeholders has been Singapore’s position of treating supplies of tokens as supplies of services, with supplies in exchange for goods or services thus triggering a need to account for Goods and Services Tax (GST) as a barter transaction. Such treatment complicated value transfers and dematerialisation of securities outside of listed environments, but exemption for supplies of Digital Payment Tokens (defined in conformity with the new Payment Service Act) effective from 28 January 2020 helps address such concerns; as does IRAS’s confirmation that exemption provisions applicable to derivatives may apply to transfers of security tokens. Furthermore, IRAS’s recent publication of its willingness to extend the GST treatment of vouchers to utility tokens is also positive.

Other indirect tax concerns amongst DLT stakeholders include differing treatments (of potentially infinite varieties) of tokens, thereby placing exchanges and over-the-counter (OTC) dealers under significant administrative burdens to determine the extent to which they may recover input tax. Another notable concern is the lack of an interrelationship between the statutory definition of Digital Payment Token and IRAS’s definition of utility token for the purposes of applying the voucher rules, meaning that certain tokens may fall between those two sets of rules and so by default continue to give rise to barter transactions.

To address the operational problems such issues cause, the GST treatment of tokens could be streamlined by exempting supplies of all tokens not subject to the voucher rules (i.e. tokens principally designed to be redeemed by the issuer or a related party for a related supply of goods or services). In addition, input tax recovery could be simplified by enabling stakeholders who make exempt supplies of tokens to recover tax with reference to a fixed recovery rate—a method already made available to banks. Such change would significantly streamline administrative burdens for stakeholders dealing in tokens, particularly exchanges and OTC dealers.

Potential stamp duty measures

A number of tokenised asset trading platforms have been developed in Singapore to facilitate trading of interests in a wide variety of assets, much like the SGX facilitates the transfer of listed public companies’ shares.

Regarding dematerialised shares specifically, an exemption currently exists which excludes transfers executed on SGX from the charge to stamp duty. However, as that exemption has a limited scope, it would not apply to transfers of tokenised shares on other locally-developed platforms. To encourage the growth of Singapore’s private markets, extending the scope of the stamp duty exemption to designated private markets could be considered.

Conclusion

Singapore has built a strong and conducive business environment to support the pursuit of innovative business models that leverage DLT, including in the FS sector. Additional tax measures to support such growth could further enhance Singapore’s ability to attract incremental economic activity in the FS sector, which few other countries are presently capable of realising.