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The SustainAbility consultancy has added its voice to growing calls for companies to treat tax avoidance as a corporate responsibility matter.
In a new report, SustainAbility argues that corporate tax planning ‘must come out of the shadows and be subject to the same standards of transparency and accountability as corporate environmental and social performance’.
Taxing issues – responsible business and tax says businesses should ‘recognize tax as part of their social contract with significant ethical issues’ rather than treating it as a cost to be avoided.
Seb Beloe, research and advocacy director at SustainAbility, said aggressive tax avoidance ‘increasingly falls short of society’s expectations of a responsible company’ and forecast that tax ‘will soon prove as challenging for business as the early days of fair trade campaigning’.
SustainAbility says companies should bring tax policies and planning into business principles and company codes, and give CSR and ethics training to their tax professionals.
In a new report, SustainAbility argues that corporate tax planning ‘must come out of the shadows and be subject to the same standards of transparency and accountability as corporate environmental and social performance’.
Taxing issues – responsible business and tax says businesses should ‘recognize tax as part of their social contract with significant ethical issues’ rather than treating it as a cost to be avoided.
Seb Beloe, research and advocacy director at SustainAbility, said aggressive tax avoidance ‘increasingly falls short of society’s expectations of a responsible company’ and forecast that tax ‘will soon prove as challenging for business as the early days of fair trade campaigning’.
SustainAbility says companies should bring tax policies and planning into business principles and company codes, and give CSR and ethics training to their tax professionals.
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