Sweden’s tax agency (Skatteverket) released a report addressing proposed requirements that companies have a tax policy—one that is established by the management board.
The report (released 30 October 2016) follows a suggestion made earlier this year by the Ministry of Finance, to encourage the discussion of tax policy issues by corporate management. The report:
One take-away from the report is that the tax agency sees tax as a sustainability issue and that there will continue to be heightened focus on the responsibilities of management in tax matters and with respect to transparency in the area of taxation. Companies may expect to be increasingly questioned by different stakeholder groups on their tax issues, including increased requests for transparency. A recent study by KPMG in Sweden shows that only 14% of the largest listed Swedish companies currently have a public tax policy.
Read an October 2016 report (Swedish) or (English) prepared by the KPMG member firm in Sweden: Skatteverket föreslår krav på skattepolicy för statliga bolag och slår fast att skatt är en hållbarhetsfråga
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