No Match Found
The discussion about ‘sustainable tax’ is not new, but the COVID-19 crisis has put the spotlight on this. "The societal pressure on companies and organisations to deal responsibly with taxation and to contribute to sustainable development has only increased as a result of the crisis," says PwC expert Dave Reubzaet.
According to Reubzaet, the business community is increasingly aware that a wide group of stakeholders has expectations about business operations and therefore also tax behaviour. Anyone who does not meet this requirement not only runs a reputational risk, but also loses the connection with society. Dave Reubzaet: "Covid underlines the importance of sustainable development. And this also includes sustainable tax management.”
Taxation is the domain of tax professionals.
Tax strategy is not linked to the sustainable business strategy.
Tax planning without a social lens.
Stakeholders do not ask for reporting on the tax strategy.
A broader group is involved in taxation, including departments like Sustainability, Risk, Audit and Communications.
Taxation is a subject that is supported by and for which responsibility is taken at the level of the board of directors.
After a dialogue with a wide range of stakeholders, a well-considered tax strategy is established that matches the organisation’s purpose, values, business strategy and sustainability objectives.
Organizations report transparently on the tax strategy and its implementation and are in this way accountable to their stakeholders.