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Corporate reputations take a hit from tax strategy exposure

Corporate reputations take a hit from tax strategy exposure
10 Feb 2015

First published in Accounting Today, 10 February 2015

A majority of CFOs at multinational corporations believe that publicity about their tax-planning strategies is having a negative impact on the reputation of their companies, according to a new poll.

The survey, by the tax advisory firm Taxand, found that 77% of the CFOs polled said that exposure to the public of corporate tax planning has a detrimental impact on reputation. In addition, 63% believe the regular political discussion around potential new tax measures is causing confusion and uncertainty amongst business decision makers..

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Taxand's Take

As governments and politicians continue to, very publicly, shake up tax reform, multinationals remain an easy target. With this in mind, it has never been more important for multinationals to be confident in their tax planning and to demonstrate that their activities are founded on commercial and business substance.

Taxand's Take Author