Global Workshop - "How to Talk Tax in the Boardroom?"
The demand for full transparency reflected in the agendas and action plans of international organizations (like the OECD, UN, EU) are expected to create a pressure that will impact the executive level of corporations.
Corporate criminal liability for tax matters seems to be a winning force as can be seen from the German government’s proposal to introduce a corporate criminal liability regime. Moreover, the increasing volume of reporting rules at board level are reflected in the requirement in the UK that the tax strategy of the company must be approved and signed-off by a named individual at the executive board level, making tax accountability a reality in the boardroom.Therefore, the time to talk to your tax stakeholders is now. To facilitate an effective dialogue with executives and non-executives in the boardroom, the following issues are important to be addressed:
1. What does BEPS mean in the boardroom?
- Increased transparency.
- More scrutiny on the actual actions of senior people
- Increased risk of criminal charges.
- Do you have a board-approved tax governance policy?
- Do you have effective reporting systems?
- Operating models involve roles and responsibilities of people and their location
- Strategies around M&A, Restructuring, Integrations, etc. again involve people, their location as well as where to have a footprint for a given function (i.e., R&D, Manufacturing, Marketing & Sales, etc).
- Have board members been briefed to be able to communicate to the media and explain the company’s tax profile?
- Does the audit committee engage in tax relevant discussions?
- How often, how long and (from a content perspective) how meaningful are these sessions with the Board?
- Do you report the impact of full disclosure to audit committee and board members?
- Are you considering to report to the public your “tax paid” positions?
- How do publications like Lux Leaks, Panama Papers and Paradise Papers impact your reputation?
- How do you deal with communications with press and NGOs?
- Have you reported identified reportable transactions to the board?
- What is your contingency plan if DAC 6 is not fully implemented?
- Have a chance to interact with each other and with specialists that have been inside the boardroom.
- Develop their own style of communication to talk tax in the boardroom.
- Learn from others on how to translate tax to board language.
- Have peer to peer discussions.
- Be exposed to all major “lessons learned” from the past 5 years.
- Get an insight into board relevant tax topics.
- A booklet on Harvard style case studies that will be shared ahead of the workshop.
Agenda and profiles of Facilitators
Download the Agenda and Profile of Facilitators @ https://www.tpa-global.com/talkingtax
To register click on this link @ https://www.tpa-global.com/events
We are looking forward to welcome you at this very informative workshop!