KPMG’s Global Responsible Tax Project recently held a roundtable in collaboration with KPMG IMPACT, to look at the technical difficulties of designing a Carbon Border Adjustment Mechanism (CBAM).
On 14 July KPMG International and Jericho Chambers sponsored the second in a series of roundtables on tax policy responses to COVID-19.
No pressure to reduce corporation tax rates generally; any cost based incentives should be targeted, temporary and timely; multilateral approaches and cooperation are needed to avoid adverse spill overs, tax competition and a growth in compliance and double taxation. There is support of the work of the OECD on Pillars 1 and 2 as well as for a European common...
On 20 June 2019 a roundtable was held in London with a group of tax directors to discuss the digitalization of the economy, the future of corporation tax and the proposals being debated by the OECD Inclusive Framework.
Welcome to the September 2019 newsletter from the Global Responsible Tax project.
In this article, Paul Gisby, Senior Manager at Accountancy Europe – shares his views on the first provocation. Understanding the challenges of corporate taxation in a digitized, globalized economy is one of the key focus areas for the Responsible Tax project in 2019. An initial provocation was published in the spring and a Think Piece is scheduled for the autumn. This...
In this article, Stella Raventós-Calvo, Chair of The Fiscal Committee – shares her views on the first provocation. Understanding the challenges of corporate taxation in a digitized, globalized economy is one of the key focus areas for the Responsible Tax project in 2019. An initial provocation was published in the Spring and a Think Piece is scheduled for the autumn....
In this article, Dr Charles Enoch, formerly Deputy Director at the International Monetary Fund and currently European Studies Centre Visiting Fellow, St Antony's College, Oxford – shares his views on the first provocation. Understanding the challenges of corporate taxation in a digitized, globalized economy is one of the key focus areas for the Responsible Tax project in 2019. An initial...
New and big pressures are building that are going to force change on the global tax system. There are many concerns: growing inequality within countries and the shift of income away from labour to capital which has occurred over the last 50 years; aging populations; how best to tackle climate change; more generally, how to finance the UN Sustainable Development...
Welcome to our first newsletter of 2019. Since piloting the Responsible Tax project in the UK in the summer of 2014, we have grown into a community of 1100+ - an important mix of politicians & policy-makers; business leaders; campaigners & NGOs; tax experts and academics; media and commentators. We have hosted and participated in conversations around the world –...
The latest in a series of roundtables was held in Cape Town on 25 March which looked at the challenges in the global tax system, specifically in relation to corporation tax and whether the current system is fit for purpose in 21st century Africa. The attendees at the roundtable included clients from a number of different sectors, tax authority and...
On Monday 12 November 2018, following the KPMG client conference for the Latin America region, a roundtable was held in Mexico with a group of conference delegates. The theme was digitalisation and the future of corporation tax.The delegates represented a variety of industries from financial services to consumer products, data management and internet sales.
Last month we released our publication, co-edited with Jericho Chambers, called What to Tax?1 The booklet recognises that “Whether we look at developed countries, with aging populations and growing health and social security bills, or at developing countries needing funds to finance the UN Sustainable Development Goals, it is clear that there is pressure to widen and deepen the...
In late September 2018 a roundtable was held on the subject of the impact of digitalisation and whether or not corporation tax is fit for purpose in the 21st-century. The meeting was held directly after the KPMG European region Tax Summit in Rome and so the opportunity was taken to focus on tax leaders in attendance rather than to extend...
On Friday 14th of September I attended the 2nd Tallinn Tax Conference entitled Future of the Corporate Income Tax in the World: is this the end of the CIT as we know it? Chaired by Dmitri Jegorov, Deputy Secretary-General, Ministry of Finance, Estonia, it was a fascinating debate looking at whether corporation tax is fit for purpose in the 21st...
Whether we look at developed countries, with aging populations and growing health and social security bills, or at developing countries needing funds to finance the UN Sustainable Development Goals, it is clear that there is pressure to widen and deepen the tax base. Furthermore, it is often said that current tax systems — particularly corporate tax ones — are no...
