A round up of other news this week.
The EU’s Economics and Legal Affairs committee has voted to approve a draft report containing proposals which would require multinationals to report their tax bills, on a country-by-country basis, with possible exemptions in the case of commercially-sensitive information. After approval, the draft report did not receive enough votes to go to negotiations with the Council, and so it will now go to a plenary session of the EU Parliament, meaning any implementation of the report’s proposals is likely to be some way off.
Botswana has joined the Inclusive Framework on BEPS.
Reputational risk has risen to the top of CEOs’ agendas as public scrutiny of business intensifies, according to the findings of a new survey by KPMG in the UK.
In a survey of global asset management firms, KPMG Nunwood finds that the industry has fallen behind other sectors when it comes to client experience yet most see significant opportunity from becoming truly client centric.