What is tax transparency?

The new world of tax will be a transparent one

Legislators, shareholders, employees and the public are expecting companies to be clear and open about their approach to tax. If you don’t want your tax transparency strategy to be dictated by external factors, it’s important to take control of it early on. To help you formulate a strategy, we’ve divided tax transparency into three main categories of stakeholders:
 

Tax transparency towards tax authorities
  • Tax returns
  • Country-by-country reporting
  • DAC6
Ensuring that external stakeholders interpret your actions as intended
  • Tax strategy
  • Tax risk framework
  • Country-by-country reporting
  • Total tax contribution
Internal tax transparency
  • Understanding the approach to tax
  • Having the right information
  • Making the right decisions

1. What is public tax transparency about?

  • Defining public tax transparency
  • Why it's a topic now

Learn more

3. How to implement public tax transparency

  • What information could be disclosed?
  • How to organise action

 

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2. Is it in your interests to be publicly tax transparent?

  • The value of public tax transparency
  • Sharing an insider's view

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4. Public tax transparency benchmark study

  • How popular is public tax transparency currently?
  • Does the data reveal a trend?

 

Coming Soon

We’ve created a number of questions to help you assess whether you’re ready for a transparent world of tax:
  • Is tax transparency on your agenda?
  • Have you assessed your transparency needs (legislation, external and internal pressure)?
  • What are the pros and cons for being tax transparent?
  • Do you have a tax transparency strategy in place?

Are you able to answer all these questions to your total satisfaction? Are you comfortable and confident that your current tax transparency strategy is ready for the new world of tax? If not, it’s advisable to contact us to see how we can help you adapt your strategy or create new one.

It’s also advisable to look at the other three pillars of the tax governance framework to see if your business needs any change and support in these areas.Just contact us via the contact form below.

Do you have your tax transparency under control?

Contact us and learn more about it.

Contact us

Charalambos Antoniou

Director, Tax Function Design Leader, PwC Switzerland

Tel: +41 58 792 47 16

Stuart Jones

Senior Manager, Tax Disruption Consulting, PwC Switzerland

Tel: +41 58 792 45 16

Dr. Christian R. Ulbrich

Assistant Manager, Tax Disruption Think Tank, PwC Switzerland

Tel: +41 58 792 23 16