The average citizen of a G20 country is more concerned that their government cooperates with other countries for a more coherent international system, than competes for national interests such as increasing tax revenue or attracting multinational business, according to a new international survey.
G20 public trust in tax, compiled by ACCA (the Association of Chartered Certified Accountants), IFAC (the International Federation of Accountants) and CA ANZ (Chartered Accountants Australia and New Zealand), draws on the views of more than 7,600 people across the G20 countries, which in turn account for two-thirds of the world population, 85% of the Gross World Product and 75% of world trade.
“In the wake of Brexit, it is clear that the UK government will need to balance national interests with the global ‘big picture’ in future policymaking,” said Chas Roy-Chowdhury, head of tax at ACCA.
“The findings of this survey will be a useful resource in gauging global and local sentiment around tax policy.”
Respondents are largely supportive of tax incentives for a range of social and economic objectives
“While I wouldn’t support constant tinkering with the tax system by governments of G20 countries—as tax regimes need to be long-term and properly bedded down—it is interesting to see that people are highly in favour of utilising tax systems to achieve broad social and economic objectives,” added Roy-Chowdhury.
A research found that:
People in G20 countries distrust politicians and the media when it comes to information about the tax system
There are diverse views on tax minimization throughout G20 countries
