Tax Takes Center Stage at KPMG’s EMEA Tax Summit

By Kpmg International, PRNE
Monday, June 27, 2011

AMSTERDAM, June 28, 2011 -


 

As the global economy begins to show signs of recovery,
businesses around the world are seeking new ways to strengthen
their balance sheets and stay competitive. At the same time,
revenue authorities around the world continue to optimize the way
in which they collect tax revenue. Changes and challenges for
businesses are moving at a pace like never before making tax a top
of mind issue.

In Amsterdam today and yesterday, over 600 senior tax
professionals from over 40 countries met to discuss the increasing
complexity and mounting challenges they are facing. One-on-one
video interviews with KPMG firms’ tax professionals providing
in-depth insights from the Europe Middle East and Asia (EMEA) Tax
Summit will be available at href="www.kpmg.com/taxviews">www.kpmg.com/taxviews.

Changes and challenges emphasized by KPMG’s Tax professionals
included:

  • The need to stay on top of legislative changes being
    implemented by governments
  • Time required to devote to an increasing number of tax
    disputes
  • The increasing scrutiny of tax authorities as they work ever
    harder at maintaining revenue flows and attacking record-breaking
    deficits
  • The added pressure of unprecedented levels of regulatory
    changes for industries like financial services that includes Basel
    III, the Dodd-Franck act, UCITS IV, and FATCA  
  • Increased scrutiny in cross-border transfer pricing as
    countries ensure their fair share of the value chain is taxed
    in-country
  • Dealing with the myriad of tax changes at the country, state
    and local levels with indirect taxes and environmental levies or
    tax incentives.

As companies become more global, tax complexity and risk
increases exponentially, KPMG firms’ professionals point out that
tax and tax changes or challenges are a fact life for businesses
now. It is essential that companies have not only tax projects to
deal with the issues, but multidisciplinary projects where tax has
a seat at the table and in the boardroom. Ultimately tax can
contribute properly to the debate and help tax professionals and
their companies achieve their goals.

For more information (RC) please visit href="www.kpmg.com/taxviews">www.kpmg.com/taxviews

About KPMG (RC)

KPMG is a global network of professional firms providing Audit,
Tax, and Advisory services.  We operate in 150 countries and
have 138,000 people working in member firms around the world.
 The independent member firms of the KPMG network are
affiliated with KPMG International Cooperative (”KPMG
International”), a Swiss entity.  Each KPMG firm is a legally
distinct and separate entity and describes itself as such.

James Bigg, Edelman, Tel: +1-416-849-2496, Email:
james.bigg@edelman.com

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