Total Tax Contribution

What is your company's overall tax contribution?

In a business environment where tax is rising up the corporate risk and social responsibility agenda it is important to better understand a company's contribution to the public budget in terms of taxes. PwC developed the Total Tax Contribution (TTC) framework to capture and analyse this impact, capturing income taxes and all other taxes and duties (e.g. VAT, customs duties, industry specific levies, certain social security contributions etc.).

The challenges you face

Gaining an understanding of the total tax contribution will enable your company to better monitor and manage taxes and resulting risks, to make better informed business decisions and to communicate the related economic impact.

Information on a company's total tax contribution might be usefully woven into:

• The annual report
• Corporate responsibility reports
• Economic impact reports
• PR and marketing campaigns
• Investor communications

How PwC can support you

Our framework provides a standardised approach to identifying a company's overall tax contribution by looking at direct and indirect taxes and other payments to governments. Since data on these charges can be difficult to obtain, the Total Tax Contribution Framework provides a data collection tool and suggests sources of data.

We can help you to collect this data and consider the business benefits of communicating all the taxes your company is paying, such as increasing understanding of tax payments among government, shareholders and other interested stakeholders.