The roles people fill play a large part in establishing their enterprise value (and attracting income) for tax purposes. But ESG initiatives have pushed us to think more broadly about people—who they are and, in some sense, how and why the enterprise values them.
The Canadian provincial (and, as of August 31, 2021, federal) pay equity rules, in particular, have a unique approach to determining employee value. And as BEPS 2.0 has us rethinking global tax architecture, it’s worth considering whether “value reimagined” could also have ripple effects in the tax world.
Lisa Cabel, head of Labour and Employment for KPMG Law in Canada, and Julie Kushner, Tax Managing Director from the Value Chain Management practice in New York, join Kimberly Majure and Kortney Wallace to discuss.
This communication and the information herein does not and is not intended to provide legal advice or establish an attorney-client relationship. KPMG LLP (U.S.) does not practice law in any jurisdiction.