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CFOs increasingly view tax as reputational risk

CFOs increasingly view tax as reputational risk
Global
21 Dec 2016

First published in CCH Daily, 16 December 2016

Tax directors and CFOs at multinational companies are facing increasing numbers of tax audits, and are becoming concerned about the impact of public perception of their tax planning on their company’s reputation.

Tim Wach said, ‘In recent years the heat on multinationals and their tax policies has been turned up and up as a result of a growing belief amongst the general public that multinationals are not paying enough tax and should be punished.'

Discover more: Multinational CFOs increasingly view tax as reputational risk
Discover more: Access Taxand's Globlal Survey 2016 report


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Taxand's Take

The furore is unlikely to calm down anytime soon and CFOs now need to firmly add reputational considerations to their tax affairs.

Taxand's Take Author

Tim Wach
Global Managing Director
Global

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