Daily Tax Report: International

P&G Says OECD Pilot Program Boosts Corporate Reputation

June 4, 2019, 4:08 PM

Procter & Gamble’s participation in an OECD risk assessment program assures officials that its tax strategies are sound, while illustrating a positive reputation to the public, a corporate tax executive said.

“It’s one more thing we’re going to put in our statement of tax policies and strategies, which we publicly publish to explain to the public that we’re not the real candidate you want to vilify. Go find somebody else,” said Tim McDonald, vice president of finance and accounting and global taxes at The Procter & Gamble Co.

The International Compliance Assurance Program (ICAP) 2.0, launched in March,

To read the full article log in. To learn more about a subscription click here.