Tax and the ESG agenda are inextricably linked.
As a social issue, how much tax you pay is often viewed as a measure of your financial contribution to the communities in which you operate. However, the role of tax in your ESG journey is much broader than just your tax footprint. With the right business partnering in place, tax can be a key enabler across all of your ESG workstreams.
With governments increasingly using tax policy to reach environmental and social targets, incentives, grants and reliefs can provide vital funding for ESG projects. At the same time, the introduction of new environmental taxes can introduce additional complexity to your operations and unexpectedly increase your operating costs. How will you implement the necessary systems, processes, and controls to meet your new obligations and demanding data requirements?听
Understanding what the tax landscape looks like now and in the future will be vital to the success of your ESG workstreams. Tax, therefore, can play a central role, not just in supporting your ESG journey, but in driving value for your business.听
