Tax footprint reporting
Tax as a metric of company's contribution to society
Companies and organisations are expected to act responsibly and communicate clearly how their operations affect climate and society. Tax is often not part of this conversation. However, often a company's largest contribution to society are taxes, enabling governments to pay for public services.
We see increased pressure for companies to be more transparent about their taxes.
What does tax footprint reporting mean?
The tax footprint is a reporting method that describes the taxes accumulated for society by company operations. A tax footprint report describes the effects of company operations and their distribution among different countries. At the moment, tax footprint reporting is voluntary for companies, but many companies already report on their tax footprint. Why? Because tax footprint reporting
- Emphasises the financial impact company operations have on society.
- Helps understand the company’s tax expenses.
- Helps report and communicate taxes openly.
What are your challenges?
The required information for determining the tax footprint is difficult to find, or it must be gathered manually from different sources.
It is difficult to gather the essential information because taxes and tax-like payments vary among countries.
Essential information is related to particular companies and is, for example, industry-specific.
How can we help?
- We map the relevant information required for your company’s tax footprint.
- We describe your tax strategy and tax management.
- We gather information on taxes paid by your company (e.g. taxes paid vs. taxes accounted for).
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