Dear Fellow Supporters of Integrated Reporting,
Last week in “The Time Has Come For Tax Reporting Transparency—Thank You Global Reporting Initiative” I wrote for Forbes about the new GRI 207: Tax 2019 Standard for tax reporting. I began with:
“How much taxes companies pay and the transparency of tax reporting have been contentious issues for decades. Governments around the world have failed to create standards for transparent tax reporting, particularly on a country-by-country basis. Many large and highly profitable multinational companies have taken advantage of this for years to pay little to no taxes. As is often the case when governments fail, it is up to the NGO community to represent civil society. In this case it is the sustainability standard-setting organization Global Reporting Initiative (GRI).
Kind regards,
Bob