WTS Global, a leading global non-audit tax practice and its member firm in the UK, FTI Consulting, have co-created and launched the first Tax Sustainability Index (TSi). The Tax Sustainability Index (TSi) offers organisations a structured, objective, and measurable basis to assess their tax sustainability. This index enables organisations to:
- position themselves with reference to their approach, strategy and compliance in respect of tax sustainability
- benchmark themselves against other organisations and peers
- understand perceptions of how tax ties in with the ESG approach and strategy within the wider organisation, and
- assess relative performance over a period to assist in long-term ESG goals
The index covers the following five areas:
- Governance – Licence to Operate
- Tax Risk and Planning – A Consequence, not an Influence
- International Compliance – Right Tax in the Right Place
- Stakeholder Engagement – Leaving no-one Behind
- Environmental – Acceleration to Net Zero
The index results can be used to develop a defined plan to enhance the organisations tax sustainability and to communicate progress with key stakeholders.
The completion of the TSi and the results summary are free of charge. If participants would like to explore the results further and understand their meaning, there is a premium option to obtain an evaluation report that contextualises the results and provides recommendations which can be developed into a roadmap accompanied by a support programme provided by WTS Global specialists.
“The TSi is one of the initiatives through which WTS Global leads in innovative thinking, challenges conventional practices, and looks toward the future.”
– Richard Turner, Senior Managing Director, Leader of Tax and Innovation,
FTI Consulting, WTS Global Member Firm in the UK
Our Global team comprises of specialists who are driving the tax sustainability agenda and maintain close contact with industry and academia.
For more information on the Tax Sustainability Index and our experts please visit our TSi website.
You want to evaluate your company’s Tax Sustainability?
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About WTS Global
With representation in over 100 countries, WTS Global has already grown to a leadership position as a global tax practice offering the full range of tax services and aspires to become the preeminent non-audit tax practice worldwide. WTS Global deliberately refrains from conducting annual audits in order to avoid any conflicts of interest and to be the long-term trusted advisor for its international clients. Clients of WTS Global include multinational companies, international mid-size companies as well as private clients and family offices.
The member firms of WTS Global are carefully selected through stringent quality reviews. They are strong local players in their home market who are united by the ambition of building a truly global practice that develops the tax leaders of the future and anticipates the new digital tax world.
WTS Global effectively combines senior tax expertise from different cultures and backgrounds and offers world-class skills in advisory, in-house, regulatory and digital, coupled with the ability to think like experienced business people in a constantly changing world.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 7,800 employees located in 31 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $3.03 billion in revenues during fiscal year 2022. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. More information can be found at www.fticonsulting.com.
WTS press contact:
WTS Global
Marie Christin Shenouda
T: +49 (0)89 28646-1929
WTS Group AG
Florian Kestler
T: +49 (0) 89 28646-1565
M: +49 (0) 162 2444-8333
For more information please see: wts.com