Tax transparency among biggest concerns in G20 countries

Jan 25, 2019

The newly published sequel to the 2017 G20 Public trust in tax report from the Association of Chartered Certified Accountants (ACCA), CA ANZ and the International Federation of Accountants (IFAC) reveals a high level of distrust among the public in politicians and non-government organisations (NGOs) when it comes to tax systems.

The new report also shows that public trust in professionals, such as accountants and lawyers, remains high by comparison.

When it comes to evaluating their tax systems, respondents across G20 nations are most concerned about transparency, complexity, inequality and corruption in tax systems.

Respondents’ concerns about inequality stem from the perception in English-speaking countries that high income earners and multinationals are treated better by tax systems than average or low income earners. Respondents in China, Indonesia and India had high levels of trust in tax authorities, politicians and accountants, reported efficient tax filing, and supported tax competition to attract multinational business.

You can find the full report here.

Source: IFAC