Tax Transparency Services

ChallengesBusinesses are increasingly expected to go beyond existing legal requirements and volunteer more information about their approach to the management of tax (i.e. their behaviors) and its outcomes (i.e. the taxes they pay and influence). Effectively communicating about a complex and potentially emotive subject such as tax is important but can be difficult, particularly in the absence of common standards. The purpose of this solution is to help demystify this landscape so you can start to think about how you could answer the five key questions below for your business.

Businesses face formal tax reporting obligations as well as an array of transparency expectations from stakeholders. The latter have increased markedly in recent years, stimulated by the broader sustainability debate and specific tax developments, and likely entrenched by the impact of COVID 19.Tax Transparency - A key part of a complex ESG puzzle Download PDF

Many large companies publish annual reports in relation to their financial performance and position which include key elements relating to their tax charge, cash tax and tax creditors and debtors in line with relevant standards. The level of tax disclosure in these reports will vary. For example, many groups now cite that tax is a principal risk for the organisation and may provide details in relation to specific developments such as the impact of state aid challenges.

Get in touch with our multi-disciplinary team of tax transparency, tax reporting and corporate affairs experts who have experience with helping clients at each stage of the tax transparency journey. By working with you to define the right level of tax transparency for you, we can help you to communicate with confidence and clarity.