Boardroom Flash Vol.3/2014 Corporate Governance on Taxation for Directors
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Policy Brief: Corporate Governance on Taxation for Directors
Boards of directors are accountable to their shareholders for ensuring appropriate corporate governance practices. Based on research conducted by the organization for Economic Co-operation and Development (OECD) on the different taxation regimes among its diverse member countries, large and listed companies tend to have good corporate governance on tax risks management and more transparent relationships with tax administrations, which results in them having fewer official audits and hence greater certainty regarding their tax obligations.
Policy Alert:
- The Revenue Department postpones effective date for additional items to be included in the tax invoice to January 1st, 2015.
- Tax incentives measures on donations that attribute to public benefits by corporate or partnership entity as classified in to 3 types.
CG News Update:
- The Newly Draft ICGN Global Governance Principles 2014: The International Corporate Governance Network.
- “Institutional Investors as Owners; Who Are They and What Do They Do?”
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