Skip to main content

Tax Governance and Transparency

Trust amid transformation

Tax plays a vital role in sustainability strategies, as investors, standard-setters, and now regulators seek more tax governance and transparency disclosures. Building trust in this evolving environment demands not only data that informs, but a story that inspires.

Tax governance and transparency you can trust

Processes you can customize

Our end-to-end suite of Tax Governance and Transparency Services take you from data gathering to disclosure design.

Leadership you can see

Check out Deloitte’s latest thinking on sustainability and tax transparency and its importance to sustainability initiatives.

It starts with our people.

A June 2022 Deloitte survey of 335 tax leaders globally on the role of the tax department in sustainability efforts asked which tax governance initiatives are most important.

  • 57% said compliance with tax governance regulatory requirements
  • 53% said aligning tax with the organization’s broader integrity, ethical culture, and risk management practices
Standard setters

Tax governance and transparency standards—including GRI207 and the World Economic Forum’s sustainability metrics—demand more formal tax governance, a detailed tax narrative, and disclosure of jurisdictional tax data.

Regulators

Public country-by-country tax reporting requirements will start imminently in EU with other jurisdictions including Australia looking to mandate more extensive regimes. In the US, Dodd-Frank is an SEC rule mandating tax disclosures for extractive companies. FASB and SEC are also looking at tax disclosures and country-by-country analyses.

Investors

Potential shareholders and sustainability rating agencies are looking at tax governance and transparency as they assess an organization’s tax risk profile and sustainability credentials. Current shareholders are driving adoption of GRI207 and more and more are considering tax transparency as a board-level issue.