Travelling towards greater tax transparency
From a low base, an acceptance that the direction of travel is greater tax transparency
From a low base, an acceptance that the direction of travel is greater tax transparency
Carl Dolan, Director, Transparency International discusses his views on responsible tax and transparency.
In her article on the challenges facing public trust in our global tax system, in which specific criticism is levelled at the UK’s Crown Dependencies and Overseas Territories, Dame Margaret Hodge conflates two distinct issues – tax transparency and publicly accessible registers of company beneficial ownership.
In a recent Opinion piece, KPMG Global Head of Tax, Jane McCormick, and Robert Phillips, author of Trust Me, PR is Dead, argued that tax can be seen as part of the remedy, not part of the problem to the issue of trust. “Responsible Tax thinking and principles”, they write, “enable an important re-set of the social compact, that will,...
“Trust” — in business and politics — has been spoken about and even over explained to the point of exhaustion. We have written elsewhere that the so-called crisis of trust is in fact a crisis of leadership — with “trust” often used as an easy proxy for anything and everything that goes wrong and the response being “to re-build it”.But...
During the first conference of the Platform for collaboration Tax, “Taxation and SDGs” (the UN Sustainable Development Goals), held in New York, 14 16 February 14-16, 2018 KPMG hosted a side event entitled The Role of Responsible Tax.
Jane McCormick, Global Head of Tax, KPMG International, shares her thoughts on tax transparency, cryptocurrencies and country-by-country reporting while at the World Economic Forum in Davos. #taxtransparency #cryptocurrencies #cbcreporting
Rasmus Christensen, PhD Fellow, Copenhagen Business School, discusses his views on responsible tax and transparency. #responsibletax #taxtransparency
Taxes are the price we pay for civilised society
The speed of change within the transparency area is unprecedented and new disclosure requirements, new cooperative compliance schemes and new anti-avoidance legislation are introduced all over the world. The increasing number of legislational changes puts significant administrative challenges on both companies and tax authorities. Rebuilding trust in multinationals, in the tax systems and in the authorities' ability to collect the...
KPMG in the UK, in cooperation with Jericho Chambers, piloted the Responsible Tax project in 2015/16 when it became clear new approaches would be needed to find new ways forward on tax1. KPMG International has since then developed the project into a global initiative. This is a summary of the second in a series of high-level global roundtables that will...
In ActionAid’s regular discussions with corporates on the subject of tax, there is a strikingly common theme in what we’re told by business leaders – namely, that whilst tax avoidance is indeed a problem, the tax affairs of their own businesses are beyond reproach.
In 1996 Richard Musgrave, an American economist at the University of Michigan, coined the phrase “fiscal citizenship” in a critique of the book by Lawrence Zelenak, “Learning to Love Form 1040: Two cheers for the Return-based mass income tax”.
‘‘An Approach based on transparency, objectivity, ethics and sustainable taxation for the common good of all stakeholders in the society.’’
The phrase “making tax digital” is the title of an initiative by HM Revenue and Customs (HMRC) in the UK to digitise tax compliance for small businesses and individuals. This initiative has resulted in some controversy, particularly in relation to the additional cost it will, at least in the short term, impose on taxpayers as they adapt to the new...
The initial global Roundtable on Responsible Tax was held in Paris on 13 January 2017. Provocations on the global state of tax were offered by Pascal Saint Amans, Director, Centre for Tax Policy and Adminstration, OECD and Manal Corwin, National Leader for International Tax, KPMG.
Tax transparency is here to stay. A combination of public pressure and political willpower at both the G20/OECD and European Union (EU) levels has resulted in a paradigm shift in the global tax landscape. Tax leaders face increasing complexity on corporate tax reporting in the EU, with a possible new layer of public CBCR requirements, having a potential impact far...