PwC examines tax and sustainability reports from 873 companies from 21 countries / 46% of companies disclose their total tax contribution (TTC) / 13.4% comply with EU minimum safeguards / only 2.7% disclose public country-by-country reporting
Berlin, 14. November 2024
Most of the world’s leading listed companies have grasped tax transparency, which will be necessary in several directions in the future. This is suggested by a study by the research and consulting company PwC, which used business and sustainability reports to examine how advanced companies are in their preparation for these tax reporting obligations.
An international team led by Prof. Dr. Arne Schnitger, head of PwC’s tax policy department in Germany, analyzed and compared tax transparency and sustainability reporting for the fourth time. The statement for the reporting year 2024 was analyzed by 873 companies (previous year: 269) of the main listed companies from a total of 21 countries.
Accordingly, only 13.4% have so far met the minimum protections of the EU (Minimum Protection Protection of the EU taxonomy), which is considered a pioneer for the global standardization of corporate transparency. In view of upcoming regulations, companies around the world are being asked more than ever to systematically expand their reporting and use it as a tool for responsible corporate governance.
2024-11-14 12:58:00
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