{"id":32647,"date":"2016-03-08T07:45:01","date_gmt":"2016-03-08T07:45:01","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=32647"},"modified":"2016-03-08T07:48:03","modified_gmt":"2016-03-08T07:48:03","slug":"kpmg-and-country-by-country-reporting-a-work-in-progress","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/03\/08\/kpmg-and-country-by-country-reporting-a-work-in-progress\/","title":{"rendered":"KPMG and country-by-country reporting: a work in progress"},"content":{"rendered":"<p>I <a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2016\/03\/08\/kpmg-really-do-have-to-learn-how-to-account-for-tax\/\" target=\"_blank\">have already mentioned KPMG's 2015 accounts <\/a>this morning, and whilst looking at them I thought I'd have a quick check on\u00a0country-by-country reporting. This is the headline:<\/p>\n<p><a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2016\/03\/08\/kpmg-and-country-by-country-reporting-a-work-in-progress\/screen-shot-2016-03-08-at-07-40-53\/\" rel=\"attachment wp-att-32648\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-32648\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.40.53-550x711.png\" alt=\"Screen Shot 2016-03-08 at 07.40.53\" width=\"550\" height=\"711\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.40.53-550x711.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.40.53-232x300.png 232w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.40.53-174x225.png 174w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.40.53-102x132.png 102w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.40.53.png 560w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p>So now my idea is a profit opportunity for the Big 4. Such is life.<\/p>\n<p>But what of KPMG's own\u00a0country-by-country reporting? There's not a hint of it despite the UK firm having this list of subsidiaries:<\/p>\n<p><a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2016\/03\/08\/kpmg-and-country-by-country-reporting-a-work-in-progress\/screen-shot-2016-03-08-at-07-42-53\/\" rel=\"attachment wp-att-32649\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-32649\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.42.53-550x353.png\" alt=\"Screen Shot 2016-03-08 at 07.42.53\" width=\"550\" height=\"353\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.42.53-550x353.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.42.53-467x300.png 467w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.42.53-300x193.png 300w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.42.53-200x128.png 200w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.42.53.png 1402w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p>The list is not, unfortunately, complete, because as they note:<\/p>\n<p><a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2016\/03\/08\/kpmg-and-country-by-country-reporting-a-work-in-progress\/screen-shot-2016-03-08-at-07-45-41\/\" rel=\"attachment wp-att-32653\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-32653\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.45.41-550x90.png\" alt=\"Screen Shot 2016-03-08 at 07.45.41\" width=\"550\" height=\"90\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.45.41-550x90.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.45.41-300x49.png 300w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.45.41-800x131.png 800w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.45.41-200x33.png 200w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-08-at-07.45.41.png 1388w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p>It would seem that if there is any loophole KPMG will jump through it.<\/p>\n<p>So of country-by-country reporting, shall we call it a work in progress on which advice should be taken?<\/p>\n<p>After which they may wish to acknowledge the existence of the global firm of which they are a part.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have already mentioned KPMG&#8217;s 2015 accounts this morning, and whilst looking at them I thought I&#8217;d have a quick check on\u00a0country-by-country reporting. This is<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/03\/08\/kpmg-and-country-by-country-reporting-a-work-in-progress\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,26,79,23],"tags":[],"class_list":["post-32647","post","type-post","status-publish","format-standard","hentry","category-accountancy","category-accounting","category-country-by-country","category-kpmg"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/32647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=32647"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/32647\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=32647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=32647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=32647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}