The ESG agenda and taxation are closely intertwined.
As a social issue, taxation is frequently seen as a gauge of one's financial support of the communities in which one operates. But taxes play a much bigger part in your ESG journey than just your tax liability. Taxes can play a significant role in enabling all of your ESG workstreams if the proper business partnerships are in place.
Incorporate taxation into your ESG plan with the aid of KPMG in India: Our interdisciplinary team of professionals is here to assist you in finding the tax breaks that will allow you to fulfill your ESG goals. With a sustainable tax approach throughout workstreams, we'll assist you in gaining confidence in your ESG strategy, including:
Decarbonization:
With the backing of our extensive worldwide ESG tax database and network of tax experts, we can assist you in navigating the ever-complex world of environmental taxes, grants, and incentives to maximize financing, control expenses, and maintain compliance. We can also assist you in determining the tax consequences of participating in carbon trading.
Responsible taxation:
How does your tax plan align with your principles in light of the increasing emphasis on "paying your fair share"? With stakeholders placing a greater emphasis on tax transparency, our professionals can assist you in articulating and carrying out your responsible tax aim. We can also assist you in obtaining and interpreting the data required for compliant reporting.
Sustainable Supply Chains:
As you start the process of transforming your supply chain, we can help you understand the tax possibilities and hazards that your company may face. Our integrated global network ensures that you will have the relevant expertise on hand to manage the tax interactions across your global supply chain, whether this involves revising your transfer pricing policy for new value chains or changing your Value Added Tax (VAT) position by shortening the supply chain.
Governance and risk:
The foundation that supports the letters "E" and "S" is governance. The key to demonstrating that you would be able to "walk the discussion" is to accurately get it. As shareholders take more action and scrutinize companies' tax problems, good tax governance is becoming a top priority on boardroom agendas. To revolutionize your tax function, we can assist you in developing and putting into practice strong risk management frameworks, utilizing data, and embracing new technologies.
Workforce of the Future:
We can assist you with incorporating ESG into executive reward plans and your employee value proposition, all the while making sure you are aware of the tax ramifications for both your company and your workforce.
