Financial Firms Turn to Artificial Intelligence to Handle Compliance Overload

As the Internet of Things (IoT) blurs the line between products and services, taxation may have a bigger impact than many expect. Companies are taxed differently depending on whether they sell a product or service, and are taxed as a regulated utility if what they sell is deemed to be'telecommunications.' To address IoT-related tax challenges effectively, an organization's tax leader should have an understanding of the new products and services being brought to market and consider joining the development process early.