Much has been written about tax transparency recently and there’s no sign that the debate will subside. There has never been a greater need for businesses to build trust around their tax affairs than now.
The purpose of the awards is to promote transparency and better disclosure in tax reporting by listed entities with the purpose of building public trust, and to recognise the leading companies in this regard. These awards have been sponsored by PwC in the UK for the past nine years and have been instrumental in increasing the standards of corporate tax reporting in that country. We see the South African edition of these awards, which have been running for the past two years, as having the potential to make a similar contribution to improving the standards of tax reporting by business, with the benefits that flow from this.