SA July 2013

Page 7

More GUIDANCE on tax, please

The vast majority of businesses would welcome more global cooperation and guidance from tax authorities on what is acceptable and unacceptable tax planning, even if it resulted in less opportunity to reduce tax liabilities across borders, according to the latest Grant Thornton International Business Report.

63%

41%

asia pacific

latin america

global

35%

68% global

24%

eurOzone

85% Latin america 75% eurozone

Will increase tax transparency 86%

The call for more guidance

67%

north america

the international business report

The report (at http://bit.ly/1a5K5m0) is a quarterly survey of 3,000 businesses in 44 countries. Data is collected by Experian.

asia pacific

54% north america

do you want more global cooperation/guidance from tax authorities?

Ireland

UK

South africa

mainland china

Hong Kong

Definitely

Germany

S Africa

Malaysia

singapore

ARe you planning to be more tax-transparent?

australia

US

us

hong kong

Probably

Key

No

UK

Malaysia germany singapore mainland china

australia

Ireland

9 7


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