ESG reporting and tax transparency are essential tools to gain and maintain the trust of stakeholders. In addition, regulatory expectations are increasing, both in the EU and abroad, with implications particularly for multinational enterprises.
Beyond compliance, companies that report on their tax affairs extract additional value usually in the form of:
- Better management of tax data
- Improvement of tax processes hereunder identification of tax risks
- Better oversight of tax issues
- More valuable internal reporting to the Board of Directors
- Constructive dialogue with stakeholders and tax authorities