Taxes are an important source of revenue for governments, integral in developing fiscal policy and attaining macroeconomic stability around the world. Although public interest in companies’ tax affairs is far from new, they are currently being scrutinised by bigger audiences than ever before. The unprecedented investment by governments due to the Covid-19 pandemic has also added to this wider conversation about how businesses contribute to society. As a result, tax transparency has become increasingly important for companies and their stakeholders. The purpose of this article is to outline some of the drivers shaping the tax transparency landscape and the factors to consider when developing a company’s tax disclosure strategy.
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