Understanding the metaverse: tax, strategy and other considerations

Sponsored by

Grant Wardell-Johnson

April 18 2023

In a two-part video series moderated by Grant Wardell-Johnson of KPMG International, KPMG leaders introduce the metaverse and consider its future and opportunities, before exploring the tax and strategy considerations unique to the sector.

The metaverse is quickly becoming a top-of-mind business issue for global organisations.

In this two-part video series, leaders from KPMG member firms discuss what the metaverse is and some of the important tax-related considerations.

The discussions are moderated by Grant Wardell-Johnson, global tax policy leader, KPMG International, and features insights and perspectives from Jana Valkovicova, head of Luxury Sector, KPMG in Switzerland; Hugues Salomé, partner, Tax and Legal, KPMG in Switzerland; Elfie Ossard-Quintaine, partner, co-head of Global Transfer Pricing Services, KPMG Avocats; and Eric Janowak, managing director and deputy global lead, Sovereign Wealth and Pension Funds Tax, KPMG Lower Gulf.

An introduction to the metaverse

In part one, the KPMG leaders provide a detailed introduction to the metaverse and share some future potentials for this new, digital world. Hear about the different perspectives around the metaverse, the stakeholders involved, the opportunities for wealth, and the industries currently investing in the metaverse.

The metaverse: tax and strategy

In part two, the KPMG leaders explore potential futures in the metaverse from a tax and strategy perspective. Revenue sourcing, potential and existing frameworks, cryptocurrency and tax liabilities are introduced to help to explain the specific and unique tax considerations brought forward by the metaverse.

Click here to view the videos on KPMG’s website.

Click here to access more KPMG Future of Tax content.

Topics

Sponsored KPMG Future of Tax

Grant Wardell-Johnson

Global tax policy leader and chair of the global tax policy leadership group KPMG International

Grant joined KPMG in 1987 and became partner in 1997. He has led a number of high-profile IPOs, acquisitions and transactions for major multinational organisations. Grant undertook a two-year placement at KPMG in London and was seconded to Qantas Airways as head of tax in 1997–2000.

He wrote the KPMG submission to Treasury on tax reform in 2015. The paper was an accumulation of insights stemming from his previous roles as lead tax partner, KPMG Economics and Tax Centre, and co-chair of the Australian Taxation Office’s National Tax Liaison Group, as well as his expertise in corporate tax and structured finance.

Grant has held other key positions, including chair of the Tax Technical Committee of Chartered Accountants of Australia and New Zealand, as a member of the Base Erosion and Profit Shifting Treasury Advisory Group, and adviser to the Board of Taxation.

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