Tax reporting transparency reaches a tipping point
Tax transparency is becoming more common globally, with regulators, investors, and the public demanding greater visibility into corporate tax profiles. Companies are facing new tax reporting and disclosure requirements, such as expanded Financial Accounting Standards Board disclosures in the U.S. and public Country-by-Country Reporting legislation in the EU. Adapting to these changes and investing in suitable technology tools can help companies communicate their tax narrative effectively and enhance trust with stakeholders.