The amount of tax paid by large companies has attracted considerable public attention in recent years, as discussions of whether corporations pay their “fair share” of taxes focus on corporate income tax payments. However, companies are subject to a wide variety of other business taxes, which typically have little visibility in financial reporting.
PwC’s Total Tax Contribution (TTC) framework is designed to help companies identify and communicate their true tax contribution, either in a particular country or on a global basis. TTC evaluates all business taxes paid by a company, distinguishing between those paid and borne by the company and those collected on behalf of government. The framework also measures the costs incurred by companies in complying with these tax payment obligations.