Tax Transparency and Tax Sustainability Reporting Study 2024

Tax is an inescapable part of our lives. It’s also fundamentally vital to supporting the delivery of services that enable citizens, economies, and, if we get it right, our planet, to thrive.

Taxes are no longer just a financial issue. As the largest source of government revenue, they serve to finance the social community. This means they are an important consideration for companies to make visible their "fair" contribution to society, public services and infrastructure, economic development and social welfare.

At PwC, we have been at the forefront of tax transparency for many years, from the Total Tax Contribution Framework to the development of the environmental, social and governance (ESG) tax metrics for the International Business Council (IBC) and the World Economic Forum (WEF).

We continue this work in our “Tax Transparency and Tax Sustainability Reporting 2024” study, which provides our first comprehensive global assessment of the tax and tax-related sustainability reporting of multinational corporations (MNCs), involving over 850 companies across 21 countries. 

The PwC Global Tax Transparency Framework of 37 broadly defined tax reporting criteria grouped into four categories: 

• Approach to Tax
• Tax Governance and Risk Management
• Tax Numbers and Performance
• Total Tax Contribution (TTC) and the Wider Impact of Tax.

In the current environment, where tax is increasingly becoming a reputational issue at the Board level, it’s crucial to understand how your company’s tax and tax-related sustainability reporting compares to that of peers or role models across your industry and markets.