Tax Governance Remains High On Board Agenda

The objective of this annual survey was to gauge the views of multinational groups on topics that were high on their agenda in 2022, such as tax governance, tax transparency and the ‘digital taxation’ debate, as well as on the overall progress of BEPS-related measures and the impact on their businesses. 

Tax governance remains high on agenda  

77 percent agree or strongly agree that their company is concerned about the continuing high interest of media, political and activist groups in corporate taxation. 66 percent agree or strongly agree that the C-suite and/or Board of Directors are actively engaged in establishing and/or approving their company’s tax strategy and in assessing and monitoring risk in this area. 85 percent of respondents expect an increase in stakeholder interest in tax behaviour and outcomes over the next three years. 

Voluntary tax transparency standards are being adopted

60 percent of respondents expect their company to align its external communication in relation to its tax performance with a transparency standard. 33 percent of respondents expect to increase their level of voluntary tax transparency over the next year. 55 percent of respondents expect that a tax transparency strategy for their group has been or will be set up within 12 months.