According to KPMG 2021 CEO Outlook 60% of all CEOs in July/August 2021 were confident in the growth prospects of the global economy, a marked shift from 42% at the beginning of the year.
The greatest rise was seen in the perception of supply chain risk, which rose by 10% year-over-year. According to the survey 56% of all CEOs managing supply chains noted increased pressure on their supply chain.
Beyond supply chain risk. CEOs were anxious about tax risk. The perception of tax risk rose by 8% year-over-year as CEOs feel that the pressure put on public finances during the pandemic response has increased the urgency for multilateral cooperation on the global tax system.
Meanwhile 77% of the CEOs feel that the global minimum tax regime proposed by the Biden administration is a significant concern for their organization’s goals on growth.
On a personal level 69% of CEO’s are feeling increased pressure to report their tax contributions publically as part of ESG commitments.