Best Practices for Good Tax Governance
Our Privacy Policy has been updated! The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you acknowledge our privacy policy and consent to the use of cookies.  Our Privacy Policy has been updated! Detailed information on the use of cookies on this site is provided in our cookie policy and our privacy policy. 
TCB Tourch
Loading...
  • logoImage
  •  
    • US
    • EUROPE
    • ASIA
  • 2

    Close
    • Insights
        • Insights
        • Explore by Center
          • Explore by Center
          • Economy, Strategy & Finance

          • Governance & Sustainability

          • Human Capital

        • Explore by Content Type
          • Explore by Content Type
          • Reports

          • Upcoming Webcasts

          • On Demand Webcasts

          • Podcasts

          • Charts & Infographics

        • Trending Topics
          • Trending Topics
          • Artificial Intelligence (AI)

          • Navigating Washington

          • Geopolitics

          • US Economic Forecast

          • Sustainability

          • Future of Work

    • Events
        • Events
        • Upcoming Events
          • Upcoming Events
          • Future: Reward Europe 2025

          • CHRO Summit: Navigating through a Tsunami of Change

          • Future: People Asia

          • Reimagine: The Future of Business

          • 2026: A Year in Preview

          • Explore all Upcoming Events

        • Member-Exclusive Programs
          • Member-Exclusive Programs
          • Center Briefings

          • Experts Live

          • Roundtables

          • Working Groups

          • Expert Briefings

    • Data
        • Data
        • Consumer Confidence Index

        • Data Central

        • TCB Benchmarking

        • Employment Trends Index

        • Global Economic Outlook

        • Leading Economic Indicators

        • Help Wanted OnLine

        • Labor Markets

        • Measure of CEO Confidence

        • Human Capital Benchmarking &
          Data Analytics

        • CMO+CCO Meter Dashboard

    • Centers
        • Centers
        • Our Centers
          • Our Centers
          • Economy, Strategy & Finance

          • Governance & Sustainability

          • Human Capital

        • Center Membership
          • Center Membership
          • What Is a Center?

          • Benefits of Center Membership

          • Join a Center

    • Councils
        • Councils
        • Find a Council
          • Find a Council
          • Economy, Strategy & Finance

          • Governance & Sustainability

          • Human Capital

        • Council Membership
          • Council Membership
          • What is a Council?

          • Benefits of Council Membership

          • Apply to a Council

    • Membership
        • Membership
        • Why Become a Member?
          • Why Become a Member?
          • Benefits of Membership

          • Check if Your Organization is a Member

          • Speak to a Membership Associate

        • Types of Membership
          • Types of Membership
          • Council

          • Economy, Strategy & Finance

          • Governance & Sustainability

          • Human Capital

          • Insights

          • TCB Advisory

        • Already a Member?
          • Already a Member?
          • Sign In to myTCB®

          • Executive Communities

          • Member-Exclusive Programs

    • About Us
        • About Us
        • Who We Are
          • Who We Are
          • About Us

          • In the News

          • Press Releases

          • Our History

          • Support Our Work

          • Locations

          • Contact Us

        • Our Community
          • Our Community
          • Our Leadership

          • Our Experts

          • Trustees

          • Voting Members

          • Global Counsellors

          • Careers

          • This Week @ TCB

    • Careers
    • This Week @ TCB
    • Sign In to myTCB®
      • US
      • EUROPE
      • ASIA
    • Insights
      • Insights
      • Explore by Center
        • Explore by Center
        • Economy, Strategy & Finance

        • Governance & Sustainability

        • Human Capital

      • Explore by Content Type
        • Explore by Content Type
        • Reports

        • Upcoming Webcasts

        • On Demand Webcasts

        • Podcasts

        • Charts & Infographics

      • Trending Topics
        • Trending Topics
        • Artificial Intelligence (AI)

        • Navigating Washington

        • Geopolitics

        • US Economic Forecast

        • Sustainability

        • Future of Work

    • Events
      • Events
      • Upcoming Events
        • Upcoming Events
        • Future: Reward Europe 2025

        • CHRO Summit: Navigating through a Tsunami of Change

        • Future: People Asia

        • Reimagine: The Future of Business

        • 2026: A Year in Preview

        • Explore all Upcoming Events

      • Member-Exclusive Programs
        • Member-Exclusive Programs
        • Center Briefings

        • Experts Live

        • Roundtables

        • Working Groups

        • Expert Briefings

    • Data
      • Data
      • Consumer Confidence Index

      • Data Central

      • TCB Benchmarking

      • Employment Trends Index

      • Global Economic Outlook

      • Leading Economic Indicators

      • Help Wanted OnLine

      • Labor Markets

      • Measure of CEO Confidence

      • Human Capital Benchmarking & Data Analytics

      • CMO+CCO Meter Dashboard

    • Centers
      • Centers
      • Our Centers
        • Our Centers
        • Economy, Strategy & Finance

        • Governance & Sustainability

        • Human Capital

      • Center Membership
        • Center Membership
        • What is a Center?

        • Benefits of Center Membership

        • Join a Center

    • Councils
      • Councils
      • Find a Council
        • Find a Council
        • Economy, Strategy & Finance

        • Governance & Sustainability

        • Human Capital

      • Council Membership
        • Council Membership
        • What is a Council?

        • Benefits of Council Membership

        • Apply to a Council

    • Membership
      • Membership
      • Why Become a Member?
        • Why Become a Member?
        • Benefits of Membership

        • Check if Your Organization is a Member

        • Speak to a Membership Associate

      • Types of Membership
        • Types of Membership
        • Council

        • Economy, Strategy & Finance

        • Governance & Sustainability

        • Human Capital

        • Insights

        • TCB Advisory

      • Already a Member?
        • Already a Member?
        • Sign In to myTCB®

        • Executive Communities

        • Member-Exclusive Programs

    • About Us
      • About Us
      • Who We Are
        • Who We Are
        • About Us

        • In the News

        • Press Releases

        • This Week @ TCB

        • Our History

        • Support Our Work

        • Locations

        • Contact Us

      • Our Community
        • Our Community
        • Our Leadership

        • Our Experts

        • Trustees

        • Voting Members

        • Global Counsellors

        • Careers

        • This Week @ TCB

    • Careers
    • Sign In to myTCB®
    • Download TCB Insights App
  • Insights
    Insights

    Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years.

    Explore All Research

    Economic Indicators

    • Explore by Center
    • Economy, Strategy & Finance
    • Governance & Sustainability
    • Human Capital
    • Explore by Content Type
    • Reports
    • Upcoming Webcasts
    • On Demand Webcasts
    • Podcasts
    • Charts & Infographics
    • Trending Topics
    • Artificial Intelligence (AI)
    • Navigating Washington
    • Geopolitics
    • US Economic Forecast
    • Sustainability
    • Future of Work
  • Events
    Events

    Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners.

    See Everything Happening This Week

    Sponsor a Program

    • Upcoming Events
    • Future: Reward Europe 2025

      June 05 - 06, 2025

      CHRO Summit: Navigating through a Tsunami of Change

      June 24, 2025

      Future: People Asia

      September 04 - 05, 2025

    •  
    • Reimagine: The Future of Business

      November 12 - 13, 2025

      2026: A Year in Preview

      January 28, 2026

    • Member-Exclusive Programs
    • Center Briefings
    • Experts Live
    • Roundtables
    • Working Groups
    • Expert Briefings
    • Explore by Type
    • Events
    • Webcasts
    • Podcasts
    • Member-Exclusive Programs
    • Center Briefings
    • Experts Live
    • Roundtables
    • Working Groups
    • Expert Briefings
  • Data
    Corporate Disclosure Data

    TCB Benchmarking

    Real-time data & analytical tools to benchmark your governance, compensation, environmental, human capital management (HCM) and social practices against US public companies.

    Economic Data

    All Data

    See current direction and trends across key indicators

    Consumer Confidence Index

    US consumers' thoughts on the economy, jobs, finances and more

    Data Central

    One-stop, member-exclusive portal for the entire suite of indicators

    Labor Markets

    Covering all aspects of labor markets, from monthly development to long-term trends

    Measure of CEO Confidence

    Examines the health of the US economy from the perspective of CEOs

     

    Recession & Growth Trackers

    See the current and future state of 16 economies.

    Global Economic Outlook

    Track the latest short-, medium-, and long-term growth outlooks for 77 economies

    Leading Economic Indicators

    Track the state of the business cycle for 12 global economies across Asia and Europe

    Help Wanted OnLine

    Track the status of job markets across the US through online job listings

    Other Featured Data

    Human Capital Analytics Tools

    Tools to understand human capital management and corporate performance

    CMO+CCO Meter Dashboard

    Tracks the impact, resources, and satisfaction of CMOs and CCOs

  • Centers
    Centers

    Centers offer access to world-class experts, research, events, and senior executive communities.

    Our Centers
    • Economy, Strategy & Finance
    • Governance & Sustainability
    • Human Capital
    Center Membership
    • What Is a Center?
    • Benefits of Center Membership
    • Join a Center
  • Councils
    Councils

    Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function.

    Find a Council
    • Economy, Strategy & Finance
    • Governance & Sustainability
    • Human Capital
    Council Membership
    • What Is a Council?
    • Benefits of Council Membership
    • Apply to a Council
  • Membership
    Membership

    Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth.

    • Why Become a Member?
    • Benefits of Membership
    • Check if Your Organization is a Member
    • Speak to a Membership Associate
    • Types of Membership
    • Council
    • Economy, Strategy & Finance
    • Governance & Sustainability
    • Human Capital
    • Insights
    • TCB Advisory
    • Already a Member?
    • Sign in to myTCB®
    • Executive Communities
    • Member-Exclusive Programs
  • About Us
    About Us

    The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead®. For over 100 years, our cutting-edge research, data, events and executive networks have helped the world's leading companies understand the present and shape the future.

    Learn more about Membership

    • Who We Are
    • About Us
    • In the News
    • Press Releases
    • Our History
    • Support Our Work
    • Locations
    • Contact Us
    • Our Community
    • Our Leadership
    • Our Experts
    • Trustees
    • Voting Members
    • Careers
    • This Week @ TCB
Check if You're a Member
Create Account
Forgot Your Password?

Members of The Conference Board get exclusive access to the full range of products and services that deliver Trusted Insights for What's Ahead ® including webcasts, publications, data and analysis, plus discounts to conferences and events.

Best Practices for Good Tax Governance

02 May 2025 / Report

Download Report
  • Email
  • Linkedin
  • Facebook
  • Twitter
  • Copy Link

The Tax Executives Council of the Conference Board (“TEC”), the B-Team and the European Tax Business Forum (“EBTF”) cooperated on the development of a paper on Best Practice for Good Tax Governancei that was launched in 2022. Participants from the three organisations have continued their cooperation and shared experiences since the launch and have now concluded that it would be appropriate to publish a limited update to the original document, raising some of the more important issues which have been discussed.

This is a discussion paper, not a comprehensive update of the document. Comments and suggestions from all interested parties that are prompted by the issues discussed would be extremely welcome. Based on that feedback, a fuller update of the original document may be considered.

Among the most relevant developments that have been noticed are:

  • More widespread adoption of ESG principles in corporate reporting and stakeholder engagement and increasing recognition of these principles as of importance in investor relationships and investment decisions.
  • Aside from ESG, stakeholders and investors are seeking or demanding greater transparency over decisions and outcomes within enterprises, recognised by such developments as the WEF Davos Manifesto1 and the US Business Roundtable2 definition of the purpose of an enterprise.
  • Greater attention from tax administrations to tax governance in understanding the risk profile of enterprises, particularly larger and more internationally exposed enterprises.
  • Increased sophistication from tax administrations in accessing, analysing and assessing financial and other data in respect of indirect as well as direct taxes. More tax administrations now also have direct access to corporate data through digital filing obligations.
  • The international corporate tax landscape is undergoing significant change through the OECD-led development of Pillar I and Pillar II, prompting legislative and reporting changes and data challenges for multinational enterprises.
  • As more enterprises respond to these changes and implement tax governance principles and policies, experience sharing has highlighted where improvement could be made.

The Tax Executives Council of the Conference Board (“TEC”), the B-Team and the European Tax Business Forum (“EBTF”) cooperated on the development of a paper on Best Practice for Good Tax Governancei that was launched in 2022. Participants from the three organisations have continued their cooperation and shared experiences since the launch and have now concluded that it would be appropriate to publish a limited update to the original document, raising some of the more important issues which have been discussed.

This is a discussion paper, not a comprehensive update of the document. Comments and suggestions from all interested parties that are prompted by the issues discussed would be extremely welcome. Based on that feedback, a fuller update of the original document may be considered.

Among the most relevant developments that have been noticed are:

  • More widespread adoption of ESG principles in corporate reporting and stakeholder engagement and increasing recognition of these principles as of importance in investor relationships and investment decisions.
  • Aside from ESG, stakeholders and investors are seeking or demanding greater transparency over decisions and outcomes within enterprises, recognised by such developments as the WEF Davos Manifesto1 and the US Business Roundtable2 definition of the purpose of an enterprise.
  • Greater attention from tax administrations to tax governance in understanding the risk profile of enterprises, particularly larger and more internationally exposed enterprises.
  • Increased sophistication from tax administrations in accessing, analysing and assessing financial and other data in respect of indirect as well as direct taxes. More tax administrations now also have direct access to corporate data through digital filing obligations.
  • The international corporate tax landscape is undergoing significant change through the OECD-led development of Pillar I and Pillar II, prompting legislative and reporting changes and data challenges for multinational enterprises.
  • As more enterprises respond to these changes and implement tax governance principles and policies, experience sharing has highlighted where improvement could be made.
This publication is available to you, but you need to sign in to myTCB® or create an account to access it.To learn more about becoming a Member click here. To check if your company is a Member, click here
  • Sign In
  • Create An Account

Forgot Password?

 

Keep my computer signed in



 

By Clicking 'Create Account',
You Agree To Our Terms Of Use

Create Account  

Members of The Conference Board get exclusive access to Trusted Insights for What’s Ahead® through publications, Conferences and events, webcasts, podcasts, data & analysis, and Member Communities.

Great News!

You already have an account with The Conference Board.

Please try to login in with your email or click here if you have forgotten your password.

Other Related Resources

Database

Recession & Growth Trackers

Recession & Growth Trackers

May 19, 2025

Article

Trade Balances and the International Financial System: What’s at Stake

Trade Balances and the International Financial System: What’s at Stake

April 17, 2025

Essay

US Reciprocal Tariffs: First Look at What They Mean for the EU and Member States

US Reciprocal Tariffs: First Look at What They Mean for the EU and Member States

April 04, 2025

Essay

Tariffs for VAT? An Explainer

Tariffs for VAT? An Explainer

April 02, 2025

Brief

Tariffs pose biggest threat yet to complex supply chains

Tariffs pose biggest threat yet to complex supply chains

March 26, 2025

Report

C-Suite Outlook 2025: Germany Edition

C-Suite Outlook 2025: Germany Edition

February 28, 2025

Brief

A credible military deterrent is economically feasible

A credible military deterrent is economically feasible

February 26, 2025

Database

CEO Confidence Dashboard

CEO Confidence Dashboard

January 27, 2025

Essay

The cost to business of Europe’s internal “tariffs”

The cost to business of Europe’s internal “tariffs”

January 23, 2025

Article

CED Letter to President Trump: Public Policy Priorities for 2025

CED Letter to President Trump: Public Policy Priorities for 2025

January 21, 2025

Report

Future: Innovate & Transform–The Highlights

Future: Innovate & Transform–The Highlights

December 20, 2024

Report

China Policy Brief: China’s 2024 Central Economic Work Conference

China Policy Brief: China’s 2024 Central Economic Work Conference

December 19, 2024

Report

Confidence Deteriorates Amongst China-based CEOs

Confidence Deteriorates Amongst China-based CEOs

December 17, 2024

Essay

Implications of CEO Assassination on Executive and Employee Security

Implications of CEO Assassination on Executive and Employee Security

December 13, 2024

Report

Euro Area Outlook 2025–2039

Euro Area Outlook 2025–2039

December 13, 2024

Article

Europe Steps Up Defense Preparedness for Security and Business Resilience

Europe Steps Up Defense Preparedness for Security and Business Resilience

December 11, 2024

Essay

After Barnier: What’s Next For France?

After Barnier: What’s Next For France?

December 11, 2024

Report

Global Economic Outlook 2024 to 2039: China Edition

Global Economic Outlook 2024 to 2039: China Edition

December 10, 2024

Report

AI and Investor Relations: Practical Insights and Real-World Applications

AI and Investor Relations: Practical Insights and Real-World Applications

December 04, 2024

Report

CEO Confidence Drops in Europe

CEO Confidence Drops in Europe

November 28, 2024

Article

BRICS and G-20: Seeking Alternatives to the Western-Led Order

BRICS and G-20: Seeking Alternatives to the Western-Led Order

November 01, 2024

Database

Recession & Growth Trackers

Recession & Growth Trackers

May 19, 2025

Article

Trade Balances and the International Financial System: What’s at Stake

Trade Balances and the International Financial System: What’s at Stake

April 17, 2025

Essay

US Reciprocal Tariffs: First Look at What They Mean for the EU and Member States

US Reciprocal Tariffs: First Look at What They Mean for the EU and Member States

April 04, 2025

Upcoming Webcasts

Economy Watch

Economy Watch

June 11, 2025

Councils

Internal Communications Strategy Council

Internal Communications Strategy Council

Councils

Public Affairs Executives Council

Public Affairs Executives Council

Councils

Chief Operating Officers Council

Chief Operating Officers Council

Councils

Tax Executives Council

Tax Executives Council

Councils

Chief Financial Officers Council

Chief Financial Officers Council

Councils

Corporate Communications Strategy Council

Corporate Communications Strategy Council

Councils

CFO Business Unit Council

CFO Business Unit Council

Councils

CFO Council Germany

CFO Council Germany

Upcoming Webcasts


Economy Watch

Economy Watch

June 11, 2025

Councils


Internal Communications Strategy Council

Internal Communications Strategy Council

Councils


Public Affairs Executives Council

Public Affairs Executives Council

Conference Board Sample Web Chat
chatbot-Icon TCB Logo
chatbot-Icon
Navigating Washington - Sign up to receive the latest business insights related to executive orders, new laws, and changing regulations.
ABOUT US
  • Who We Are
  • Annual Report
  • Our History
  • Our Experts
  • Our Leadership
  • In the News
  • Press Releases
MEMBERSHIP
  • Become a Member
  • Sign In to myTCB®
  • Access Experts
  • Member-Only Events
  • Data & Benchmarking
  • Manage Account
EXPLORE
  • Centers
  • Councils
  • Latest Research
  • Events
  • Webcasts
  • Podcasts
  • This Week @ TCB
CONTACT US
  • Americas
    +1 212 759 0900
    customer.service@tcb.org
  • Europe/Africa/Middle East
    +32 2 675 5405
    brussels@tcb.org
  • Asia
    Hong Kong | +852 2804 1000
    Singapore | +65 8298 3403
    service.ap@tcb.org
CAREERS
  • See Open Positions
Terms Of Use | Privacy Policy | Event Code of Conduct | Trademarks
© 2025 The Conference Board Inc. All rights reserved. The Conference Board and torch logo are registered trademarks of The Conference Board.
The use of all The Conference Board data and materials is subject to the Terms of Use. Reprint requests are reviewed individually and may be subject to additional fees.The Conference Board reserves the right to deny any request.
Terms of Use | Privacy Policy | Event Code of Conduct | Trademarks
© 2025 The Conference Board Inc. All rights reserved. The Conference Board and torch logo are registered trademarks of The Conference Board.
The use of all data from The Conference Board data and materials is subject to the Terms of Use. Reprint requests are reviewed individually and may be subject to additional fees.The Conference Board reserves the right to deny any request.

Thank you for signing up. You will now receive CEO Insights for What's Ahead every Wednesday morning. You can unsubscribe at any time or manage your preferences to receive more content from The Conference Board.

Announcing The Conference Board AI Virtual Conference Series

Explore the Impact of AI on Your Business

Members receive complimentary registration - Learn more >>