2007 Survey
In a business environment where tax is rising up 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). This framework is a comprehensive measure of a company’s economic contribution in taxes and is an important component of transparency and better reporting.
The first PricewaterhouseCoopers Total Tax Contribution survey in 2006 was undertaken in conjunction with the Business Council of Australia and Corporate Tax Association. The results of the survey 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 will help the process to achieve that reform. Participation also represents an opportunity for participants to better understand and benchmark their own business tax footprint and cost of compliance.
The 2007 survey will collect crucial data on an individual company’s taxes paid and collected for the most recent financial year. It will also capture more detailed information regarding the cost of compliance for all major taxes.
The Business Council of Australia and the Corporate Tax Association members will get a questionnaire late September. Other companies interested in participating should contact Tim Cox or their tax relationship partner.
2007 Survey Results now available
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. More »
