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Tax transparency and responsibility

Tax transparency and responsibility

Unprecedented changes to the tax system are expected over the next five years.

Unprecedented changes to the tax system are expected over the next five years.

Principles for a Responsible Tax Practice

Our Principles for a Responsible Tax Practice bring to life KPMG’s values and our Global Code of Conduct in a way that is meaningful for the every day situations we face as tax professionals.

  • We act lawfully and with integrity and expect the same from our people, member firm clients, tax authorities and other parties with whom we interact. 
  • We provide tax advice to member firm clients to allow them to pursue their commercial objectives, respecting the needs of our people and the communities in which we operate. 
  • We maintain objectivity by seeking the facts and providing insight, consistent with our professional duties, in providing tax services to member firm clients. 
  • We support a relationship with tax authorities, based upon mutual trust and respect, which enables constructive dialogue and responsiveness by all parties, in order to fulfill our responsibilities to member firm clients.
Tax

UK Corporate Criminal Offence for Failing to Prevent the Criminal Facilitation of Tax Evasion

It is a criminal offence for an organisation to fail to prevent the criminal facilitation of tax evasion. As a responsible tax practice, KPMG Channel Islands has clear policies and procedures to ensure that we comply with these requirements

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