The tax transparency agenda is now relevant to all sectors, and brings with it compliance burdens, risks and opportunities. Businesses need to consider how they address this challenge by developing a proactive approach to transparency and wider tax governance, writes Tim Law (Engaged Consulting Ltd)
It seems impossible to open a newspaper without seeing the latest celebrity tax scandal or another multinational company being challenged over its tax affairs. There will always be some who flout the law but it has become a normal topic of conversation to discuss the acceptable mitigation of tax liabilities what constitutes aggressive tax avoidance and whether morality or patriotism have a part to play.
NGOs the media and government committees have launched direct challenges at individuals and businesses. One aim was to shame those perceived...
