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Taxand Global Survey 2016
Taxand is pleased to share the results of our annual Global Survey 2016 – Another year of global tax turmoil.
Taxand surveyed CFOs, tax and finance directors across Europe, Asia and the Americas as part of its annual 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.
- 81% respondents said they anticipate tax competition between countries will increase
- 89% of respondents believe that increasing global tax transparency will increase the cost of compliance
- 91% of respondents said exposure to the public of tax planning activities has a detrimental impact on a company’s reputation
- 75% of respondents said they are concerned about the potential exposure of information provided to meet the proposed country by country reporting standard