BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  P&L  >  Panama Papers & Beyond: Why Tax is Now a Board-Level Risk

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


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  economyCorporatesmanagingSME

Tags:  tax governancecorporate governancerisk managementlhdntax compliancetax policycorporate tax





Play / Pause

Listen now : Matt-Splained: (REPEAT) Matt and Rich take their digital paranoia a step further,...

Today’s Shows



11:00 AM

Best of Enterprise

(REPEAT) OpenMinds’ Jan Wong on Malaysia’s martech momentum, AI overload, and how poor tech stacks are breaking brands mid-campaign.

12:00 PM

Popcorn Culture

(REPEAT) A review of The Fantastic Four’s arrival in the MCU, followed by a discussion about characters that have been played by different actors.

1:00 PM

Cruise Control

(REPEAT) If you're in the market for a used, old school sports sedan, should you consider the Mitsubishi Lancer GT, or the Proton Inspira? Daniel Fernandez from dsf.my shares his thoughts!

2:00 PM

Matt-Splained

(REPEAT) Matt and Rich take their digital paranoia a step further, covering border controls, burner phones and authoritarian apps.

3:00 PM

Earth Matters

(REPEAT) The Malaysian Food Sovereignty Forum warns against proposed changes to the Protection of New Plant Varieties Act and the Plant Seed Quality Bill, citing a lack of engagement with farmers and civil society. FKMM Coordinator Nuritri Amir Bin Muhammad joins us to explain.

4:00 PM

Bar None

(REPEAT) We speak to Jeffrey Ross, the General Manager of Fresh Events Asia, ahead of the Redline Fitness Games, happening this weekend.

5:00 PM

BBC World Service

This episode of The Conversation features two women who are working in the field of robotics. What's life like in this industry?