See slides

advertisement
The Business Impact of
Transparency Requirements
Martin Nielsen, Tax Partner
KPMG Acor Tax
12. December 2014
Tax Transparency
New economic realities have given rise to a focus on tax payable by companies driven by politicians,
civil society and the media, as well as governments seeking to strengthen a weak fiscal position
Increased focus on taxes at board and management level
Local and global initiatives
Public vs. goverment authority
Mandatory vs. voluntary
Corporate tax or all types of taxes and duties
© 2014 KPMG ACOR TAX, a Danish limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
1
Country by Country report – OECD BEPS Action Plan 13
Concerns raised by businesses
Purpose of information vs. use by tax authorities
No materiality thresholds for CbC reporting
Confidentiality of information
Transparency of tax authorities
The cost of compliance
Country implementation
© 2014 KPMG ACOR TAX, a Danish limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
2
© 2014 KPMG ACOR TAX, a Danish limited liability partnership and a
member firm of the KPMG network of independent member firms
affiliated with KPMG International Cooperative, a Swiss entity. All rights
reserved.
The KPMG name, logo and “cutting through complexity” are registered
trademarks or trademarks of KPMG International.
Download