Challenges and Solutions for an Effective Tax Responsibility Strategy
On 23rd June, leading organisations shared their experiences and insights on how to pursue corporate tax responsibility. You do not know where to start from or how to progress in this journey for a responsible tax behaviour? Take advantage of our dedicated service. CSR Europe members benefit from a 30% discount.
Tax is an integral part of how companies contribute to the betterment of society and advance on the Environmental, Social, Governance (ESG) agenda. As stakeholders’ expectations increase, it is all the more urgent for companies to adopt and strengthen a responsible and transparent tax behaviour, abandoning aggressive tax planning and profit-shifting strategies. However, the abundance of reporting tools and frameworks risks exacerbating corporate inaction and frustration.
For this reason, on 23rd June CSR Europe welcomed a wide variety of stakeholders, including representatives of the Global Reporting Initiative and the European Parliament, to bring clarity to the table. At the open webinar “Tax Responsibility for an Equitable Society” we highlighted the current state of play at EU-level and shared how leading companies are fostering responsible tax behaviours.
Paul Tang, Member of the European Parliament (S&D), EUROPEAN PARLIAMENT
MAKING PROGRESS FOR A SUSTAINABLE APPROACH TO CORPORATE TAXATION
Whether your company has yet to develop a sustainable tax strategy or wants to assess its efficacy vis-à-vis the expectations of its stakeholders, CSR Europe can support you with the “Responsible & Transparent Tax Behaviour” service.
We will assess the level of transparency and responsibility of your tax behaviour and identify gaps and areas of improvements in 6 thematic areas:
Tax Planning Strategies: to align taxation with value creation.
Tax Function Management and Governance: to develop the right processes to manage tax.
Public Transparency and Reporting: to disclose relevant tax related information to the public.
Tax Incentives: to assess the impact on public finances to the public.
Interaction with Tax Authorities: to manage relationships with tax authorities & digital transformation of tax administrations.
Building a Narrative to Accompany Your Tax Strategy: how to engage stakeholders about your company’s approach to taxation.
At the end of the process, you will know what steps to take to measure, monitor, and report on your tax performance. As the first public Country-by-Country Reporting must be done at the latest for the first financial year which starts on or after 22 June 2024, we invite you to kick-start this journey as soon as possible.
For more information:
Contact Spyros Perikleous,
Project Manager
UPCOMING EVENTS