The Tax Transparency Debate

As businesses reach out across the globe seeking new markets, their tax policies as well as the amount of tax they pay are increasingly coming under close governmental and public scrutiny. With no signs of abating, the call for greater tax transparency is being echoed around the globe.

 

Corporate social responsibility, tax governance, enhanced transparency with tax authorities and "fair share" tax accountability are all topics increasingly debated. Stakeholders involved in this tax transparency debate are wide ranging and include taxpayers, tax authorities, the European Commission, G8 and G20 countries, and the Organization for Economic Co-operation and Development (OECD).

 

Drawing on our global tax knowledge, industry experience, and global reach, companies turn to KPMG for tax transparency services because our professionals have experience in the tax policy considerations around transparency and a track record of helping companies managing large-scale tax transparency engagements.

 

Please click on the link below to access webcasts, articles and insights from KPMG professionals on the Tax Transparency Debate.

 

The Marketplace Fairness Act

On May 6, the U.S. Senate passed the Marketplace Fairness Act (MFA), which allows states to require online and other out-of-state vendors to collect sales taxes on products and services they sell, even if they lack a physical presence in the state where the customer resides. The bill has now moved to the House for consideration, where the outcome is uncertain.

 

Please click on the links below to access webcasts, articles and insights from KPMG professionals who examine the potential impacts of the MFA on compliance operations of U.S. businesses of all types.

 

 

Creating a tax reform "readiness" framework

KPMG's outlook for business tax reform can help companies create a "readiness" framework that can enable them to make better informed business decisions when tax reform is enacted.

 

Components of the framework include crystallizing a perspective on tax reform, analyzing the details and legislative proposals, and facilitating preparation for transition when tax reform happens.