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Discussions around the amount of tax that corporations pay tend to focus exclusively on corporate income tax payments. However, companies are subject to a wide variety of taxes other than corporate income taxes. These taxes have no visibility in financial statements as they may be embedded in “above the line” costs and are not separately identified. To help bridge the gap in public information, PwC has developed a framework for reporting “total tax contribution” (“TTC”) that better reflects a company’s total contribution in taxes that is created by the economic activity of the business.
Global Tax Policy Leader, PwC US
Principal, National Economics and Statistics Leader, PwC US
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