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Transparency vs. exposure: the cost of Full Monty
Taxand USA looks at our Global Survey results in the context of their survey of global trends affecting tax leadership.
For five consecutive years, our global Taxand organisation has surveyed CFOs, tax and finance directors across Europe, Asia and the Americas as part of its global survey to understand the current tax landscape across the world and how multinational companies are currently interacting with rapidly changing legislation and more focused tax authorities.
The most recent report found that nine in ten respondents (91%) feel exposure to the public of tax planning activities, through the media, has a detrimental impact on a company’s reputation — an increase from just over half of respondents five years ago (51% in 2011 and 77% in 2015).
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