“I don’t care if it’s legal, it’s wrong”: Panama Papers show taxation is a core corporate responsibility issue
Guter Beitrag – auch wenn’s auf unserem Blog inhaltlich nichts Neues ist, lohnt es sich, den Leitsatz dieses Textes immer wieder vor Augen zu führen: “I don’t care if it’s legal, it’s wrong”.
By Roel Nieuwenkamp, Chair of the OECD Working Party on Responsible Business Conduct
“I don’t care if it’s legal, it’s wrong.” This quote from US President Obama about tax avoidance illustrates the shift in thinking about tax from issues from a strictly legal perspective to the domain of corporate responsibility.
Global tax avoidance has been attracting increasing attention and ire over the past few years. In the UK public outrage over tax avoidance has been very visible, several years back company executives of the world’s largest MNE were publically scrutinized over tax avoidance issues. In the midst of the financial crisis EU countries like Greece and Portugal were furious to learn that their multinational enterprises paid almost no taxes because of fiscal arrangements involving the same jurisdictions that had put pressure on them to implement severe austerity packages. In developing countries tax base erosion and profit shifting (BEPs) has likewise…
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