The increasing tax burden is one of the most important concerns of CEOs, driving the adoption of proper internal controls and robust financial reporting processes to satisfy tax authorities, regulators and other stakeholders. At the same time, tax authorities worldwide are concerned with ensuring both increased compliance amongst taxpayers and that their fiscal policies are not overtaken by global business and economic developments. The international tax system is changing rapidly as a result of coordinated actions by governments and unilateral measures designed by individual countries, both intended to tackle concerns over base erosion and profit shifting (BEPS) and perceived international tax avoidance techniques of high-profile multinationals. PwC Sweden is a leading provider of tax services, combining a strong understanding of business and economic environments with specialist tax knowledge. In the following interview, PwC describes the main tax issues of the day.
Congratulations on making top spot in our Top 5 tax advisers in Europe report, can you tell us the main areas/sectors of growth your business has seen in the last 12 months?
Obviously, the BEPS project and the release of the final reports last year has had great impact on many businesses seeking our advice in various fields, like international taxation, transfer pricing, indirect taxes. There is an urgent need for businesses and other stakeholders to monitor the development and outcome from the BEPS project and legislative changes around the world that follows rapidly in different areas of taxation.