Jnet is the bilingual newsletter of KPMG's U.S. Japanese Practice. Published since 1997, Jnet is issued quarterly to update you on audit, accounting, tax, and other business issues relevant to Japanese companies operating in the United States.
Rise of the Robots
Success in today’s complex global financial markets requires unprecedented levels of speed, accuracy, and cost efficiency beyond what a human workforce can provide. As technology improves, robots will be able to do more sophisticated tasks faster and more efficiently than human workers.
In this paper, we explore some of the benefits that robotics and artificial intelligence (AI)/cognitive automation technology holds, including the ability to digest and analyze huge amounts of data. We also present nine factors firms should consider before implementing a robotic process automation (RPA).
The Creative CIO
There is no doubt that digital technologies are opening up new ways of relating to customers and new ways of doing business. It is also true that, if organizations are to exploit technology to deliver real business value, they need to take brisk and purposeful action, because competition is fierce.
However, it needs to be the right action, in the right direction. This white paper offers some reassurance and practical advice that could help you, the CIO, steer your organization successfully (and reasonably serenely) through the rapids of technology innovation.
Section 385 Final Regulations
On October 13, 2016, the Treasury Department and IRS released final and temporary section 385 regulations (hereinafter the "Final 385 Regulations") addressing the treatment of related party debt for U.S. tax purposes. These regulations had been proposed on April 4, 2016 (the "Proposed 385 Regulations").
The final rules offer significant relief for U.S. multinational groups, and offer some, but less significant, relief for foreign multinational groups.
Auditing & Accounting Update
In this section, we provide brief updates on regulatory developments in auditing and accounting that may impact Japanese companies in the United States.
In this section of Jnet, we provide brief updates on legislative, judicial, and administrative developments in tax that may impact Japanese companies operating in the United States.
Download Jnet full newsletter in English (PDF 1.25 MB)