Data Stands in Way of Using Generative AI on Global Minimum Tax (1)

Companies and their advisers want to leverage generative AI to reduce the global minimum tax compliance burden and associated costs, but there’s a mismatch between the tool’s potential and its current data limitations.

Almost 90% of C-suite executives from companies with $1 billion in revenues said that generative AI will be “key” to addressing the plentiful challenges associated with the global minimum tax, in a KPMG report released in late September.

Practitioners from the “Big Four” accounting firms—PwC, Deloitte, KPMG, and EY—similarly want to include the technology in their compliance products to do global minimum ...