Basic level: Using current information
Use information available in accounting to determine the tax footprint of your company.
Prepare to answer public questions on your company’s tax footprint.
Make sure that key persons are familiar with your company’s financial effects on society.
Average level: More extensive reporting of tax effects
Find out which taxes your company pays in different countries of operation or production.
Find out which taxes and tax-like payments affect your company’s total tax rate.
Find out which sources constitute the taxes paid by your company.
Extensive level: Actively communicating tax strategy and tax footprint
Transparently describe tax strategy and tax management.
Identify the business risks caused by taxation.
Ensure that the Board of Directors understands the connection between tax strategy and long-term success of the company’s business.