Business leaders want Canada to deliver on economic agenda quickly: KPMG survey - BNN Bloomberg

Business leaders strongly support a major overhaul of Canada’s tax system as a way of boosting economic growth, according to a survey conducted for KPMG ahead of the federal budget. The survey asked 346 business owners and decision-makers who work at businesses in Canada with annual gross revenue of $10-million to $1-billion or more for their views on what Ottawa should prioritize in this year’s budget. Nearly nine in 10 respondents said Canada needs to conduct a comprehensive review of the tax system.

KPMG is the smallest of the Big Four professional services firms. KPMG has a new boss. On October 1, Gary Wingrove took over as global chairman and CEO of the Big Four accounting and consulting firm, succeeding Bill Thomas after an eight-year tenure. Wingrove joined KPMG in 2000 and most recently held roles as CEO of KPMG Australia from 2013 to 2021 and international COO. He now oversees more than 276,000 employees across KPMG's member firms. The firms operate as a global network of legally separate firms rather than as a single company, making the role of global chair different from that of a typical corporate CEO. Big Four leaders typically spend decades building the trust, personal networks, and credibility needed to win an internal election — the way Big Four firms choose their heads. Once in the role, they are responsible for holding the network together across geographies, monitoring its performance, and stepping in during high-stakes crises. KPMG did not respond to a request for comment for this story. When Wingrove's appointment was announced in March, he said that he would aim to create an environment where KPMG employees could thrive.