Responsible Tax

Responsible Tax

Responsible Tax

The global reality of tax demands both a global conversation and, where appropriate, global action. As the world becomes more interconnected, discussion about who pays tax, how, and when will continue to intensify.

The global reality of tax today demands both a global conversation and, where appropriate, global action.

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, our firms' clients, tax authorities and other parties with whom we interact. Above all else, in every respect our work shall be fully compliant with relevant legal, regulatory and professional requirements. 
  • We are committed to providing clients with high quality tax advice tailored to their particular circumstances.  
  • We shall explain clearly and objectively to our clients the technical merits and the sustainability of any tax advice we give. 
  • Whenever relevant and practical to assess, we may discuss with clients any likely impact of any tax advice we give on relevant communities and stakeholders and any potential reputational risk.
  • We shall make recommendations to clients only where:

i. we consider, at least on the balance of probabilities, that the relevant interpretation of law is correct; or

ii. it otherwise clearly meets the applicable local professional standards.

  • We shall only advise clients to enter into, or assist them to implement, transactions or arrangements on the basis that they have any substance required by law, as well as any business, commercial or other non-tax purpose required by law.
  • We shall not advise clients to enter into transactions with the purpose of securing a tax advantage clearly and unambiguously contrary to the relevant legislation and shall not assist them to implement such transactions. If, in our view, the language of the legislation is uncertain, we shall consider the intention of the relevant legislators when advising clients.
  • We support a relationship with tax authorities aimed at building mutual trust and respect which will enable constructive dialogue and responsiveness by all parties, facilitate compliance and reduce or assist in early resolution of disputes.
  • We shall comply with all our disclosure requirements and advise our clients to do the same.
  • When advising clients on entering into transactions we shall do so on the understanding that all material facts will be known to the tax authorities.

The Global Responsible Tax Project

The Global Responsible Tax Project

The Global Responsible Tax Project invites a full range of stakeholders to inform thinking on what responsible tax behavior is and what it looks like in a global context.

Responsible Tax: Developing Trust

Jane McCormick, KPMG’s Global Head of Tax, explains what Responsible Tax is.

 
Read more

OECD BEPS Action Plan - Taking the pulse in Europe

Survey of participation and action by European countries

 
Read more

Chief Tax Officer Outlook

This publication is designed to highlight top-of-mind issues for tax executives and CTOs.

 
Read more

Global Tax Webcasts

KPMG’s webcast knowledge base features various tax webcasts

 
Read more

Base Erosion and Profit Shifting (BEPS)

The global campaign to address BEPS is in full swing, changing the Tax landscape.

 
Read more

Global Head of Tax speaks to European CEO on BEPS

European CEO interviews KPMG’s Global Head of Tax about the role of BEPS in...

 
Read more

BEPS Action 13 - Latest country implementation

Response to Action 13, including implementation of country-by-country reporting.

 
Read more

Connect with us

 

Request for proposal

 

Submit