{ "docId": "019dd923-5ca1-7489-b637-c553eedbe70f", "docSlug": "08d91cc64caaba96", "documentTitle": "Our Impact Plan 2024", "authorId": "KPMG", "authorName": "KPMG", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.778, "pageNumber": 16, "pageCount": 106, "prevPage": 15, "nextPage": 17, "slideType": "key_messages", "function": "summarize", "density": "dense", "nDataPoints": 0, "notes": "The slide uses a sidebar navigation menu common in ESG/Impact reports. The content is structured as a narrative summary of governance initiatives.", "elementsJson": [ "headline_text", "callout_box", "paragraph", "other" ], "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019dd923-5ca1-7489-b637-c553eedbe70f/16", "deckHref": "/decks/019dd923-5ca1-7489-b637-c553eedbe70f", "deckJsonHref": "/decks/019dd923-5ca1-7489-b637-c553eedbe70f.json", "deckAnchorHref": "/decks/019dd923-5ca1-7489-b637-c553eedbe70f#slide-16", "components": [ { "bbox": { "h": 0.125, "w": 0.243, "x": 0.698, "y": 0.579 }, "kind": "callout", "text": "KPMG firms use their convening power to share industry best practice, holding regular roundtables with business and civil society to help them better understand what a responsible tax position looks like in the changing and evolving world.", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4baf9fc4-6cbe-4310-9f80-73e9da8acf3d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.135, "w": 0.257, "x": 0.173, "y": 0.168 }, "kind": "callout", "text": "Our commitment: Drive a responsible tax practice. We continue to invest significantly in Global Tax Services to provide a full suite of tax and legal technologies and services that supports tax transparency and helps KPMG firms support clients in meeting their current and future compliance obligations.", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e0341f33-bb2d-4a01-bbe2-58b78b0ba35c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.515, "w": 0.405, "x": 0.436, "y": 0.127 }, "kind": "paragraph", "text": "Responsible Tax Roundtables: KPMG firms use their convening power to share industry best practice, holding regular roundtables with business and civil society to help them better understand what a responsible tax position looks like in the changing and evolving world. In FY23, we held discussions on the circular economy, carbon pricing, wealth taxation, tax policy and the changing nature of work, as well as the institutional framework surrounding international tax rules, including the roles of the Organisation for Economic Co-operation and Development (OECD), G20, Inclusive Framework and the United Nations. Investing in technology: We continue to invest significantly in KPMG Digital Gateway. Powered by Microsoft Azure and built on the cloud, the platform helps clients turn ESG data into value at an increased level of quality, speed and scale so they can respond faster to emerging tax issues related to ESG. Global minimum tax: We recognize the societal benefits of a responsible tax approach and continue to support clients in meeting the evolving responsibilities. The way in which multinational organizations navigate and comply with their tax obligations around the world is about to change with new Base Erosion and Profit Shifting (BEPS) 2.0 measures, necessitating companies to rethink their processes, technology systems and data. To help companies evaluate, monitor, compile, track, calculate, analyze, report and comply with Pillar 2 obligations, we are rolling out KPMG BEPS 2.0 Automation Technology (KBAT) through integration with the KPMG Digital Gateway platform. Through this technology, we will provide ongoing support to a large number of companies across the globe in relation to the tax rules, including data collection, accounting disclosures and helping ensure they meet future compliance obligations. Tax transparency: In FY23, we saw an increased focus on tax transparency, with voluntary reporting through the GRI standards and mandatory public country-by-country reporting being introduced in the European Union (EU) and Australia. Looking to FY24, large companies with a presence in either the EU or Australia need to apply these new mandatory reporting rules. KPMG teams support clients to create the data and governance processes required for the adoption, collation and presentation of both voluntary and mandatory reporting — underpinning good governance, transparency and stakeholder trust.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "14786d6b-a7f2-46aa-8c8a-c4f6afd59992", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.465, "w": 0.257, "x": 0.173, "y": 0.323 }, "kind": "paragraph", "text": "We aim to provide a targeted approach to our Global Tax Services that helps KPMG tax leaders deliver positive impacts for clients and wider society. We do this by helping clients ensure they are taking a responsible approach to tax rules and obligations. We also help clients to better understand new tax rules emerging in ESG-related areas such as carbon taxation and pricing — an increasingly important feature of the new, low-carbon world that governments, tax authorities and stakeholders are aspiring to create. In FY23, our tax initiatives included the following: Embedding new Global Tax Principles: Our Global Tax Principles are designed to ensure that we operate a responsible tax practice. We continue to emphasize the principles in the advice that we provide to clients and in our relationships with governments and the broader community. These principles are consistent with our Values.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "155776e9-7184-4c37-b7f2-73e57c0e53b0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.021, "w": 0.335, "x": 0.173, "y": 0.127 }, "kind": "title", "text": "Cultivating a responsible tax practice", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "18d7de61-9af7-47b1-ac62-f3f46cc651bd", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Call to action", "slug": "call-to-action", "agent": null, "layer": "slide", "matchId": "9ea641d2-3c61-4842-87f1-30aac8d8add1", "evidence": "Our commitment: Drive a responsible tax practice. 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