Transparent taxation Transparent taxation Transparent taxation

The fair determination and public disclosure of the amount of tax paid and where it is paid are important parts of sustainable tax practices. Tax policies to be developed and related practices can present a complex balancing act. There is no universally accepted standard of what constitutes “good” tax practice and adequately detailed disclosure. Multinational companies that opt for tax transparency must take the expectations of all stakeholders and relevant legislation into account.

• in establishing and operating good tax practices;
• in preparing transparent tax reporting;
• in developing data collection methods to compile information for public disclosure.