vibevast.blogg.se - Timelime on beps

62% of groups are concerned that a possible outcome of the OECD’s Pillar One / Pillar Two project will be an increase in their corporate tax liability.41% of groups have been actively engaged in the OECD’s Pillar One / Pillar Two project consultation either directly or through other channels.Taxation of the digital economy remains a ‘hot topic’* 76% of Boards are actively engaged in tax governance, this has remained high over the years.74% of respondents are concerned about the media coverage, political and activist group interest in corporate taxation, and 79% expect such interest to increase following COVID-19 pandemic.25% of respondents expect that U.S Senate will pass a treaty to implement Pillar One by 2023.55% are somewhat confident that they have readily available tax and accounting data necessary to comply with Pillar Two.46% of respondents have a very rudimentary analysis of the impact of Pillar Two on their tax profiles.

62% does not expects that the implementation of Pillar Two will not cause groups to make significant changes to their corporate structure.47% expect that Pillar One / Pillar Two will result in a significant increase in their group’s global effective tax rate.55% of respondent groups have been actively engaged in OECD’s Pillar One /Pillar Two project consultation either directly or through other channels.59% of respondents expect that a critical mass of countries will implement Pillar One / Pillar Two by 2024.Pillar One / Pillar Two remains a ‘hot topic’ and businesses are preparing for the impact 55% of respondents expect that a tax transparency strategy for their group has been or will be set up within 12 months.42% of respondents have an up-to-date tax transparency strategy for their group, which has been tested with the senior leadership.33% of respondents expect to increase their level of voluntary tax transparency over the next year.60% of respondents expect their group to align its external communication in relation to its tax performance with a transparency standard.

Voluntary tax transparency standards are increasingly being adopted by businesses

85% of respondents expect an increase in stakeholder interest in tax behavior and outcomes over the next 3 years.

41% of respondent groups are interested in joining a cooperative tax compliance program where available, and 18% have already joined or are in the process of joining such a program.

66% agree or strongly agree that the C-suite and/or Board of Directors are actively engaged in establishing and/or approving their group's tax strategy and in assessing and monitoring risk in this area.

77% agree or strongly agree that their group is concerned about the continuing high interest of media, political and activist groups in corporate taxation.

Tax governance remains high on the Board’s agenda Telecommunications, Media & Entertainment Infrastructure, Transport & Regional Government