Insights and resources to assist in shaping the path of your tax ESG journey
ESG is now a chief measure of corporate behavior, with tax playing a key part due to its linkages to environmental, societal, and governance benefits. Tax departments are being challenged to adjust tax strategies and affairs, and to ramp up reporting processes to address transparency demands, demonstrate commitment to a sustainable approach to tax, and take advantage of green tax incentives.
In recent years we have witnessed a sea change in the corporate world, reevaluating the balance of purpose and profit through the lens of sustainability and corporate responsibility. Across industries, companies are taking a hard look at the effects of their people, their customers, their investors, and society in general to better meet sustainability and transparency objectives.
There are various phases to mark your tax and ESG path. Your tax journey requires:
Developing and documenting a tax strategy and formulating an operating model
Deploying reporting and measurement targets and controls
Reviewing, reassessing, and executing on tax ESG risks and opportunities
Tax & ESG resources
A recent KPMG human rights survey illuminates multinational corporations’ efforts in addressing the issue of forced labor.Read more
KPMG Tax Transparency Services
Whether your organization follows a path of greater tax transparency or not, it is important to make that decision in a strategic and informed way. KPMG tech-enabled Tax ESG services can help our clients develop a data-informed approach as they begin this journey.
KPMG Tax Transparency Services - Impact Services
Impact Services can help your company throughout the entire reporting process, from pulling the data to producing a final report, all while helping you navigate this ever-evolving landscape at the same time.
Transfer Pricing Considerations for ESG-Related Intangible Assets
In this article, the authors examine the transfer pricing issues that companies should take into account in their environmental, social, and governance-related tax planning.
Assessing the Impact of the EU's CBAM on U.S. Businesses
Carbon Border Adjustment Mechanism (CBAM) reforms could significantly impact global exporters throughout the supply chain. Learn more about how U.S. businesses must begin to prepare climate risk management strategies.
Intercompany Fees for Internal Carbon Pricing: The Next Frontier?
In this article, the authors explain how companies are measuring internal carbon pricing (ICP) and suggest how transfer pricing practitioners can support ICP and the associated allocations of intercompany carbon fees. | February 13, 2023 - Tax Notes International
Section 45Q Credit for Carbon Oxide Sequestration
Summary of Credit Provisions in the Inflation Reduction Act
Clean Energy Tax Incentives for Tax-Exempt and Governmental Entities
Many tax-exempt organizations and certain government entities may now benefit from the clean energy tax incentives of the Inflation Reduction Act, enacted into law on August 16, 2022.
Tax ESG Services
Unlock new value as your organization builds a sustainable future
Tax and ESG: From Risk to Opportunity
A practical guide to enhancing value from tax sustainability and transparency
Be ready for disruption - tax insights
Tax insights and analysis to help organizations respond with speed and confidence
Workforce mobility through an ESG lens
Learn how ESG is fundamentally changing organizations policies, procedures, and considerations around their people.