2007 Survey Results
In a business environment where tax is becoming more prominent on the corporate risk agenda, it is important that there is a better understanding of how tax impacts companies and their stakeholders.
PricewaterhouseCoopers has developed a framework for reporting a company’s Total Tax Contribution (TTC), which provides a comprehensive measure of a company’s economic contribution in taxes and is an important component of transparency and better reporting.
2007 Australian survey results
The 2007 Australian survey results confirm the significant contribution of large business to taxation revenue and highlight some important issues with Australia’s business tax system.
This year 63 organisations from across a wide range of industries, representing a mix of the largest Australian listed, large foreign owned and some privately owned Australian entities participated.
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The first PricewaterhouseCoopers Total Tax Contribution survey in 2006 was undertaken in conjunction with the Business Council of Australia and Corporate Tax Association, and the results were included in the Tax Nation report, released in April this year.
The 2006 survey put "a stake in the ground" on business tax reform and business needs to keep the momentum going if it is to achieve meaningful reform. Participation of business in the 2007 survey continues to maintain the focus on the need to really drive forward that reform, and has again given the participating organisations the opportunity to better understand and benchmark their own business tax footprint and cost of compliance.
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