Much of the world’s current attention is focused on how businesses act and operate, pushing environmental, social, and governance (ESG) issues to the forefront of leadership agendas globally.
The responsibility of companies to demonstrate the positive impact they are making for their people, their customers, and society in general is creating a complex stakeholder environment that tax leaders must learn to navigate.
Defining your approach to tax transparency starts with understanding your data. Whether you are focused on complying with upcoming EU public CbC requirements or voluntarily reporting additional tax payment data as part of y our broader ESG agenda, collecting, organizing, and understanding that data is critical to making informed decisions.
Have a specific question or want more information? Contact a KPMG tax professional.
Have a specific question or want more information? Contact a KPMG tax professional.
KPMG Total Tax Payments Global Reporter can help:
- Envision multiple tax payment reporting scenarios with minimal data gathering requirements (using KPMG tax estimation tools and techniques);
- Define your optimal targeted reporting scenario so that you know what data you want to disclose and how best to present it;
- Develop an efficient data acquisition methodology with confidence regarding the tax data you want versus the tax data you don’t need;
- Build the processes and procedures that drive your reporting; and
- Automate the process once you have selected your target reporting model.