  Tax transparency internationally in 2023DownloadTax transparency and sustainability reporting in 2023
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Tax - a contribution to societyCompanies are increasingly willing to report on their tax strategy. Quantitative disclosures - such as a Public CbCR or a Total Tax Contribution - are expected not only by the pioneers, but in broad application for upcoming reporting periods. For the 3rd year in a row, PwC published a study on tax transparency reporting, and for the first time with an international scope in 2023. |
Taxes are no longer just a financial issue. As the largest source of government revenue, they serve to finance the social community. Therefore, they are an important option for companies to make visible their "fair" contribution to society, public services and infrastructure, economic development and social welfare. The landscape of tax reporting has been evolving over many years. Recent developments include the Corporate Sustainability Reporting Directive (CSRD), Public CbCR Directive, Global Reporting Initiative (GRI), Standard&Poor's Global Corporate Sustainability Assessment, the OECD Guidelines for Multinational Enterprises on Responsible Business Conduct and the WEF Metrics. These frameworks, as well as country- and industry-specific differences in their application, are highlighted and analysed in the study. The study covers 269 listed companies from Austria, Brazil, Germany, Ireland, Switzerland, Spain, South Africa and the United Kingdom, whose public company reports were used to create a dataset of more than 40,000 individual pieces of data. The study thus represents the most comprehensive overview currently available of international tax transparency and sustainability reporting in 2023. |
Download the study "Tax transparency and sustainability reporting in 2023" now |