Responsible Tax

Going from intention to action.

What is Responsible Tax?

The world’s attention on the consequences of what businesses do, pushes environmental, social and governance (ESG) to the forefront of leadership agendas globally. The responsibility of companies to demonstrate the positive impact they are making is creating a complex stakeholder environment that tax leaders must learn to navigate.

Communication on tax is critical to an organisation’s ability to earn the public’s trust and maintain their licence to operate. Meaningful responsible tax discussions need to include all stakeholders, in an open and robust dialogue.

In Denmark, the importance for companies of demonstrating that tax governance measures are in place to support a responsible approach to tax has experienced a step change. If tax affairs are perceived as irresponsible or aggressive, it may lead to brand and reputational damage. Boards of directors must therefore ensure that their tax affairs are managed responsibly, and must be willing to transparently report on their efforts and contributions as part of their sustainability reporting.

At KPMG Acor Tax, we deliver targeted approaches to help tax leaders embrace their role in the broader ESG agenda through KPMG Tax Impact Reporting, while also engaging in sustained, inclusive and cohesive discussions through the KPMG Global Responsible Tax Project on all ESG focus points within tax

KPMG’s Global Responsible Tax Project

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Principles for a Responsible Tax Practice

We are driven by our purpose to inspire confidence and empower change, and we are governed by our Global Tax Principles , which bring to life KPMG's values and Global Code of Conduct in a way that is meaningful for the every-day situations we face as tax professionals.

Our advice will:

Be supported by a valid basis in law;
Be based on the assumption that all material facts will be known to tax authorities and all relevant disclosure requirements are properly made;
Be tailored to the particular circumstances of our clients, address any requirements of substance and purpose, and consider the intention of the legislators;
Clearly explain the technical merits and sustainability of relevant options available to our clients; and
Consider any reputational risk and the impact on stakeholders and communities where these are practical to assess.

We require all KPMG people to act lawfully and with integrity in dealing with tax authorities and our clients and we aim to be fully compliant with all relevant requirements.

Throughout this page, “we”, “KPMG”, “us” and “our” refers to the global organization or to one or more of the member firms of KPMG International Limited (“KPMG International”), each of which is a separate legal entity.