All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

How tax transparency can boost your corporate reputation

itr-tax-transparency-120x120small.jpg

Companies are highly concerned with their public reputation and, in light of this, their tax positions are becoming an increasingly important concern.

Many companies have already eschewed the use of child labour and sweatshops, while promoting environmentally sustainable practices in an effort to increase their standing in the eyes of the public – their customers and the cornerstone of their business.

But, as UK Uncut activists occupying Barclays, Vodafone and Topshop stores have highlighted, companies can no longer consider their tax planning activities as a separate issue.

As James Henderson, founder and chief executive, of Pelham Bell Pottinger, the UK’s second largest financial public relations company, pointed out, the media and the public see tax avoidance as an issue as controversial as banker bonuses in these austere times. This is coupled with a lack of understanding because neither the tax authorities nor the companies will explain to people in clear terms why they have the tax arrangements they do. It is, as he said, “an own goal”.

You can hear from Henderson, alongside Clare Short, Pascal Saint-Amans and the tax directors of some of the world’s biggest multinationals, at International Tax Review’s first Tax & Transparency Forum in London on May 2 to find out how greater tax transparency can help you in boosting your corporate reputation.

You will also hear the latest developments in introducing country-by-country reporting, on transfer pricing rules, information exchange and dispute resolution.

To view the full programme and register to attend, click here.



More from across our site

The Indian Union Budget made some significant changes that will affect taxpayers, as Ranjeet Mahtani, Saurabh Shah, and Meetika Baghel of Dhruva Advisors explain.
But experts cast doubt on HMRC's data and believe COVID-19 would have increased the revenue shortfall.
EY’s plan to separate its auditing and consulting businesses might lessen scrutiny from global regulators, but the brand identity could suffer, say sources.
Multinationals are asking world leaders to put a scale on carbon pricing to tackle climate change at the 48th G7 summit in Germany, from June 26 to 28.
The state secretary told the French press that the country continues to oppose pillar two’s global minimum tax rate following an Ecofin meeting last week.
This week the Biden administration has run into opposition over a proposal for a federal gas tax holiday, while the European Parliament has approved a plan for an EU carbon border mechanism.
Businesses need to improve on data management to ensure tax departments become much more integrated, according to Microsoft’s chief digital officer at a KPMG event.
Businesses must ensure any alternative benchmark rate is included in their TP studies and approved by tax authorities, as Libor for the US ends in exactly a year.
Tax directors warn that a lack of adequate planning for VAT rule changes could leave businesses exposed to regulatory errors and costly fines.
Tax professionals have urged suppliers of goods from Great Britain to Northern Ireland to pause any plans to restructure their supply chains following the NI Protocol Bill.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree