In today’s rapidly changing world, and as a result of the ongoing impacts of COVID-19, collective responses and government revenues are increasingly required for a global recovery and a sustainable investment in the future. At the same time environmental, social and governance (ESG) issues, including tax transparency, are rising higher both on leadership and citizens’ agendas globally.
Who pays what amount of tax, where and when are complex issues that require sustained and inclusive discussion.
Responsible Tax involves engaging in the debate on tax, looking to build consensus and understanding between business, decision-makers and civil society in a constructive and transparent way to help ensure outcomes are seen to be fair and effective.
Global Tax Principles
Principles for a Responsible Tax Practice bring to life KPMG's values and Global Code of Conduct in a way that is meaningful for the every-day situations we face as tax professionals.
- Be supported by a valid basis in law;
- Be based on the assumption that all material facts will be known to tax authorities and all relevant disclosure requirements are properly made;
- Be tailored to the particular circumstances of our clients, address any requirements of substance and purpose, and consider the intention of the legislators;
- Clearly explain the technical merits and sustainability of relevant options available to our clients; and
- Consider any reputational risk and the impact on stakeholders and communities where these are practical to assess.
We require all KPMG people to act lawfully and with integrity in dealing with tax authorities and our clients and we aim to be fully compliant with all relevant requirements.