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Panama Papers & Beyond: Why Tax is Now a Board-Level Risk

Dr Veerinderjeet Singh, Senior Adviser on Tax Policy, KPMG

09-Jun-25 11:00

Panama Papers & Beyond: Why Tax is Now a Board-Level Risk

From the Panama Papers to profit shifting by global giants like Starbucks & Apple, a wave of public scrutiny has permanently transformed the global tax landscape. This increased pressure from regulators, including Malaysia's LHDN, means tax is no longer a simple compliance chore, it's a core business risk demanding board-level attention.

So, how should Malaysian companies navigate this new era of transparency? Dr. Veerinderjeet Singh, Senior Adviser on Tax Policy at KPMG, joins us to unpack the principles of modern tax governance.

He explains how frameworks like LHDN’s Tax Corporate Governance Framework (TCGF) are shifting the dynamic from adversarial to cooperative, and what boards must do to protect their organisations from financial and reputational damage.

We discuss:

  • Why global scandals and profit shifting directly impact Malaysian firms.

  • The crucial shift from tax compliance to strategic risk management.

  • How the IRB's Tax Corporate Governance Framework (TCGF) works.

  • The board and audit committee's role in tax strategy oversight.

  • The tangible benefits of good governance, including reduced scrutiny.

For board members, CFOs, CEOs, and business owners, this is an essential guide to fortifying your company in the new age of tax transparency.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan


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Categories:  economyCorporatesmanagingSME

Tags:  tax governancecorporate governancerisk managementlhdntax compliancetax policycorporate tax





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