For investor-owned utility companies operating across multiple states, managing tax compliance is a complex and often daunting task. Each state has its own set of tax laws, regulations, and reporting requirements, which can create a labyrinth of obligations for utility tax departments. In this environment, staying compliant while optimizing tax positions requires not only deep expertise but also the right tools and technology.
Read MoreAs climate change accelerates, extreme weather events are becoming increasingly common, posing significant challenges to utility companies across the globe. Investor-owned utilities (IOUs), responsible for providing essential services to millions, are at the forefront of efforts to strengthen infrastructure and ensure resilience against these threats. While physical upgrades and operational strategies are crucial, one often-overlooked aspect of this resilience is the role of a utility’s tax division and its technology. Robust tax management is vital in funding, maintaining, and expanding resilient infrastructure.
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