Deloitte and Tax Analysts Team Up to Enhance Tax Law Access

Deloitte and Tax Analysts Renew Partnership

Deloitte Tax LLP and Tax Analysts have announced their renewed agreement to keep the federal tax law library accessible to the general public. This collaboration allows for easy access to a wide range of tax laws, regulations, and essential materials for tax professionals and the public alike.

Significance of the Agreement

This extension of their initial 2021 agreement marks a significant step toward promoting transparency in tax policy. Since the library became freely accessible, it has captured nearly 6.5 million page views, with a remarkable annual growth rate of 90%. This achievement illustrates the growing demand for reliable tax law information.

Deloitte's Integration into Platforms

Deloitte has successfully integrated the tax law library into its Intela global platform. This integration empowers tax professionals and Deloitte clients to access a wealth of authoritative tax content seamlessly, enhancing their efficiency in navigating the complex tax landscape.

Public Service Commitment

According to Cara Griffith, president and CEO of Tax Analysts, the agreement represents an important public service, ensuring everyone has access to trustworthy tax laws. The positive public response highlights the community's desire for transparent tax information.

Leveraging Generative AI for Innovation

Both Deloitte and Tax Analysts are committed to fostering innovation within the tax industry. Deloitte's innovation teams are utilizing Tax Analysts' content for developing a Generative AI (GenAI) Tax Research Assistant tool, aimed at revolutionizing the way tax professionals work and improving the precision of their outputs.

Maintaining Data Quality and Security

In the evolving landscape of artificial intelligence, the quality and reliability of data are paramount. Chuck Kosal, chief transformation and technology officer at Deloitte Tax LLP, emphasized the necessity of utilizing clean and accurate data to build trust in AI-generated outputs. This is crucial as organizations navigate the transformative impacts of AI on traditional workflows.

Collaboration on Intellectual Property Concerns

As AI applications continue to develop rapidly, Michael Berkeley, Tax Analysts' chief information officer, noted the importance of collaborative efforts between organizations like Deloitte and Tax Analysts. By working together, they aim to address intellectual property-related concerns and ensure that their evolving technologies respect and protect rights.

Access to Valuable Tax Resources

The Tax Notes Research component features a comprehensive suite of daily tax news, analysis, and reference tools. With Deloitte's support, visitors to the law library can access vital documents, including the Internal Revenue Code, IRS regulations, court documents, and various tax-related publications.

About Tax Analysts

Tax Analysts is dedicated to shedding light on tax policy and administration through unbiased reporting and informed commentary. As a non-profit publisher of tax news, their mission is to engage with the broader tax community by providing transparency on government actions affecting taxes.

About Deloitte

Deloitte stands as a leading provider of audit, consulting, tax, and advisory services. With a rich history of over 175 years and a workforce of approximately 460,000 professionals worldwide, Deloitte aims to create a significant impact by fostering trust and driving growth for their clients among the Fortune 500 and beyond.

Frequently Asked Questions

What is the purpose of the renewed agreement between Deloitte and Tax Analysts?

The renewed agreement aims to keep the federal tax law library accessible to the public, promoting transparency in tax policy and information.

How has the Tax Notes Research library grown in popularity?

Since being made publicly accessible, the library has recorded nearly 6.5 million page views, with an impressive 90% average yearly growth.

What role does Generative AI play in this partnership?

Deloitte is leveraging Tax Analysts’ content to develop a Generative AI Tax Research Assistant, enhancing the efficiency of tax professionals' workflows.

What resources can visitors access through the law library?

Visitors can access important documents such as the Internal Revenue Code, IRS regulations, court documents, and other essential tax materials.

What is the mission of Tax Analysts?

Tax Analysts aims to provide unbiased reporting and commentary on tax issues, promoting transparency and accountability in tax policy and administration.

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