How KPMG helped
A team from KPMG in the US reviewed the company’s sustainability-related capital expenditures and matched them against applicable green tax credits. For example, the client would qualify for an investment tax credit of 30 percent on the cost of solar panels on its premises in the US.
Benefits to the client
As a result, the client can now clearly identify tax opportunities to decrease cost and increase returns on its sustainability investments. The client’s tax and sustainability teams now work more closely together in sourcing the data needed to apply for green tax credits and in aligning capital expenditures with the availability of tax incentives. Similar projects conducted by KPMG member firms have identified green tax savings for clients of up to USD50 million.