ITR recognizes Deloitte for achievement in tax
innovation, technology, ESG and DEI
NEW
YORK, Sept. 27, 2024 /PRNewswire/ -- Deloitte
announced today that it has received four awards at the 2024
International Tax Review (ITR) Americas Tax Awards, honoring its
accomplishments delivering market-leading services and solutions.
Deloitte was named "ESG Firm of the Year" and "Diversity Equity
& Inclusion Firm of the Year," becoming the first winner of the
ESG award category in its inaugural year recognized by ITR.
Additionally, Deloitte was named "Tax Technology Firm of the Year"
in the Americas region for the seventh consecutive year, as well as
"Tax Innovator of the Year" for the fourth consecutive year.
"Deloitte Tax's multiple wins at the 2024 ITR Americas Awards
reflect our organization's steadfast commitment to innovation,
sustainability, and a culture of inclusion, as well as the
commitment of our professionals to making their ideas a reality,"
said Carin Giuliante, chair and CEO,
Deloitte Tax LLP. "Every day, our teams are committed to
integrating purpose into our services, creating meaningful impact
for our clients and the communities we serve. These recognitions
underscore the purpose-driven approach we take in fostering
sustainable and inclusive business practices, and I am proud that
the hard work and efforts of our people were recognized by this
year's awards."
"Winning ESG Firm of the Year is a proud moment for Deloitte and
a validation of the exceptional work our professionals deliver to
help equip our clients to meet evolving regulatory and stakeholder
expectations," said Carl Obradovich,
partner, U.S. Tax Sustainability co-leader, Deloitte Tax LLP. "We
are committed to helping organizations as they navigate the
complexities of ESG integration, foster responsible business
practices, and seek to achieve their sustainability goals. This
recognition underscores the importance of our work and motivates
our team to continue leading the way in sustainable tax services,
helping our clients and professionals alike remain well-positioned
to accelerate their sustainability efforts."
Added David Yaros, principal,
U.S. Tax Sustainability co-leader, Deloitte Tax LLP, "For years,
Deloitte Tax has been at the forefront of advising clients as they
integrate crucial ESG principles into their core strategies.
Receiving the ESG Firm of the Year award from ITR is a testament to
our long-term commitment to sustainability and responsible business
practices. As we look to the future, Deloitte remains committed to
driving positive change, advancing ESG practices, and striving to
help our clients make impactful progress on their sustainability
goals."
The 19th annual Americas Tax Awards from ITR
recognize significant achievements and innovations that highlight
creativity and ingenuity. Deloitte's dedication to both technical
and professional excellence was readily apparent in its 2024 award
wins, where notable consideration was given to multiple efforts,
including:
ESG Tax Solutions: Over the past year, Deloitte has
provided comprehensive tax advice and resources — from knowledge to
processes to technology — to help companies achieve their
environmental, social and governance (ESG) goals, such as improving
sustainability performance and meeting stakeholder expectations.
Four key ESG developments were introduced: a major refresh of the
IncentivesHub credits and incentives technology, enhancements to
Deloitte Tax LLP's T4WOTC™ platform, the launch of ESG Tax
Governance Labs to address formal tax ESG governance requirements,
and the establishment of Corporate Philanthropic Purpose Labs to
streamline charitable giving. These achievements, along with other
offerings in Deloitte's Tax ESG portfolio, collectively support
companies in achieving measurable change that benefits society and
the environment.
Commitment to Well-being and Sustainability at Work: As
part of its commitment to amplify and continuously improve employee
well-being, over the past year Deloitte has put in place three
well-being business priorities and corresponding initiatives:
"Enhance Everyday Well-being," "Embed Well-being in Our Culture,"
and "Elevate Impact of Integrated Mental Health Services (IMHS)."
Deloitte's well-being initiatives are driven by a strong business
need, aligned with its tax strategy, and are designed to make a
meaningful impact on its professionals, teams and overall Tax
practice.
MADE (Making Accounting Diverse and Equitable):
Deloitte's MADE commitment, which includes accounting scholarships,
is a comprehensive strategy to work to address the major barriers
faced by racially and ethnically diverse students and to grow the
population of diverse talent — thus helping transform the future of
the accounting profession. This commitment offers resources and
opportunities for students and entry-level professionals,
supporting CPA certification and career advancement. MADE also
includes leadership development for mid-level professionals and a
program to prepare executives for corporate board roles.
Innovative State Tax Compliance Automation: Tax
compliance, historically complex and time-consuming, is a top
concern for companies. Deloitte's innovative State Tax Compliance
Automated Work Process (AWP) System standardizes and automates the
state tax compliance work paper process, enhancing Deloitte's
ability to provide tax compliance services with efficiency and
value. This system transforms manual, spreadsheet-driven processes
into an automated experience, standardizing work papers, increasing
efficiency, and streamlining return review using advanced
analytics.
Generative AI (GenAI) Enhancements: As a long-time AI
innovator, Deloitte has integrated GenAI into applications across
its global network. This past year, the enterprise tax platform,
Intela, introduced five new GenAI-powered features to enhance the
tax compliance lifecycle. These features include a work plan
generator, Document Drop for organizing client files, automated
data transformations, a tax research chatbot, and a "Conversation
with a Tax Return" feature for identifying anomalies.
Pillar Two Data Diagnostic Accelerator: Deloitte's Pillar
Two Data Diagnostic Accelerator is a noteworthy tool used by
Deloitte to help clients address a major international tax
challenge — taking the Pillar Two tax model from theory to
execution. It does so by streamlining the data-driven process of
reporting and complying with Pillar Two rulesets in more than 135
countries. By identifying required, existing and missing data, the
tool serves as both a diagnostic tool and accelerator for Deloitte
to use in advising clients as they develop a roadmap to get the
required data in place.
The 2024 ITR Americas Awards recognize efforts that pioneered
novel approaches in the tax industry and were executed between
January 2023 and January 2024.
About Deloitte
Deloitte provides industry-leading audit, consulting, tax and
advisory services to many of the world's most admired brands,
including nearly 90% of the Fortune 500® and more than 8,500
U.S.-based private companies. At Deloitte, we strive to live our
purpose of making an impact that matters by creating
trust and confidence in a more equitable society. We leverage our
unique blend of business acumen, command of technology, and
strategic technology alliances to advise our clients across
industries as they build their future. Deloitte is proud to be
part of the largest global professional services network serving
our clients in the markets that are most important to them.
Bringing more than 175 years of service, our network of member
firms spans more than 150 countries and territories. Learn how
Deloitte's approximately 460,000 people worldwide connect for
impact at www.deloitte.com.
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