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 : Discovery Hour:

Today’s Shows



6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Kingsley Jones, Chief Investment Officer, Jevons Global tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

William Pesek of Nikkei Asia discusses what transpired during the trade negotiations between the U.S. and Japan.

7:45 AM

Morning Brief

Dr. Afif Bahardin, Taman Medan Assemblyman, shares his views on the role of private companies in public services.

8:00 AM

The Breakfast Grille

Loi Tuan Ee of Farm Fresh Malaysia gives us an update on how the company is doing.

8:30 AM

Morning Brief

Dr. Benjamin Barton, Associate Professor at the University of Nottingham Malaysia on the EU's military capabilities.

8:45 AM

Morning Brief

Dato' Dr Illango Karuppannan shares his thoughts on a possible new US ambassador to Malaysia.

9:00 AM

Opening Bell

(REPEAT) Kingsley Jones, Chief Investment Officer, Jevons Global tells us where international markets are heading.

9:15 AM

Opening Bell

(REPEAT) Nabil Thoo, Research Analyst at RHB Investment Bank discusses which banks are most impacted and his top buy ideas as well.

9:35 AM

Pinnacle Perspectives

Gerald Ambrose, former Head of Aberdeen Malaysia discusses what Malaysia’s first quarter results reveal about the outlook for Corporate Malaysia in 2025.

10:05 AM

Open For Business

Wahed's Group CEO Mohsin Siddiqui discusses taking over from a Founder-CEO & outlines his strategy to scale up.

11:05 AM

P&L

VC Kevin Brockland of Indelible Ventures explains why copy-pasting the Silicon Valley playbook is a trap for Southeast Asian startups.

12:00 PM

Enterprise Explores

AmBank's Chief Economist Firdaos Rosli analyzes the impact of the newly announced 25% US tariff on Malaysia's economy and discusses our strategic options.

1:00 PM

The Breakfast Grille Repeat

Our flagship show, we feature both game-changers and groundbreakers in the hot seat.

2:05 PM

Discovery Hour

3:05 PM

Earth Matters

Proposed changes to Malaysia’s Protection of New Plant Varieties Act could transfer seed rights from small farmers to multinational corporations. We discuss the implications for farmers, food prices, and national seed sovereignty.

4:05 PM

Health & Living

What is social health insurance and will it work for Malaysia? We unpack this and more with a health economist.

5:00 PM

Top 5 at 5

6:00 PM

Today I Learned

Governments are worried about falling birth rates, but are they missing the bigger picture? ARROW’s Sivananthi Thanenthiran joins us to talk about rights, realities, and why people must come before policies.

7:00 PM

BBC World Service

8:00 PM

A Bit of Culture