There is increasing pressure on companies to be more transparent about their tax policies and how much tax they pay. We suggest that enhanced transparency is important in stakeholder engagement.
Your stakeholders will be looking for more and clearer information on your tax affairs. They want to see high quality information in three broad areas:
Following discussions with companies and stakeholders we've developed a suggested framework - the Tax Transparency Framework - for communicating the company's tax position in its full context. The Framework looks at potential disclosures in each of the above three sections. Click here to read our latest Tax Transparency report