During the past 10 years, the banking and asset management sectors have gone through a restructuring phase, following the 2008 financial crisis which prompted major banking groups to redefine their strategies. As is well known, a huge increase in regulatory and tax compliance obligations followed the crisis, affecting banks and investment managers heavily.

In the same period, however—and not at all accidentally—the digital transformation reached a new stage of maturity, enabling new efficiencies and creating […]

On June 21, 2018, a 5-4 decision from the U.S. Supreme Court eliminated the “physical presence” safe harbor from state sales taxation that had stood since 1967. Until now, businesses – including non-U.S. businesses – with no physical presence in a given state (“customer state”) did not have to bother with the various sales tax rules of that state, much less register and then collect and remit the various sales taxes within that state. […]