Deloitte

• A recent Deloitte survey reveals that 89% of respondents support integrating AI-led data processing into the GSTN 2.0 framework to enhance tax compliance in India. • The shift toward AI is expected to significantly accelerate GST compliance processes by automating data handling and reducing manual errors. • This transformation matters as it aims to streamline tax administration, improve accuracy, and reduce the burden on businesses navigating the GST system.

• Japan has emerged as the leading contributor to India's Global Capability Centres (GCCs) among all Asia-Pacific nations, according to a Deloitte India report released on July 3. • Japanese firms have established over 100 centres across India, focusing on driving technological innovation and fostering economic growth. • This shift highlights India's growing importance as a strategic hub for Japanese corporate operations and high-end talent acquisition.

• Deloitte released a new M&A Pulse Survey featuring insights from 500 corporate and private equity (PE) leaders regarding current market trends. • The findings reveal a sense of "cautious optimism" for deal activity leading into 2026, with leaders emphasizing a more disciplined approach to acquisitions. • Cross-border acquisitions are highlighted as a primary strategic path for growth as dealmakers seek new opportunities.

Treasurer Jim Chalmers had indicated ‘transitional’ proposed changes as Labor attempts to repair a ‘structurally flawed’ budgetFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastOnly applying changes to the CGT discount and negative gearing rules to new investments would “severely delay” desperately needed reforms required to repair a “structurally flawed” budget and boost the economy, Deloitte says.The consulting firm estimated that a policy which cut the 50% capital gains tax discount to 33% and abolished negative gearing would only generate $500m over the first four years of operation if existing investments were not included – an approach known as “grandfathering”. Continue reading...

The firms said last week that they will be reducing parental leave and other benefits for employees starting next yearRecent moves by US companies Deloitte and Zoom to reduce how much paid parental leave they offer employees could signal a larger reduction in benefits in corporate America, according to labor market experts.American workers are already seen as having less benefits and labor protections than many of their counterparts across the world, especially in Europe. Continue reading...