Make tax part of your sustainability reporting

Why has the urgency to adopt public tax transparency policy increased?

Because of increased borrowing due to Covid-19

Because campaigners are demanding it

Because of the EU's focus on corporation tax

Because it is increasingly seen as the right thing to do

Which of the following is not what public tax transparency is about?

Narrative that they use to put tax information into context

The data companies are required to disclose in accordance with accounting standards

Total taxes paid and collected

Tax-paying behaviour

Why is public tax transparency generally important?

Because it is part of sustainability and being a sustainable business

Because tax helps societies to work properly

Because corporations should have the same attitude towards tax as individuals

Because there are serious reputational problems if you are found to be avoiding tax

Why is it difficult for companies to be publicly transparent about tax?

Because many don't want to

Because they don't want to be prosecuted

Because there is a financial benefit to being secretive

Because requirements and guidance for transparency have not been consistent

Why might it be a bad idea to just report everything to do with the tax your company pays?

Because you could undermine your competitiveness

Because authorities might begin to legislate for higher taxes if they notice many companies aren't paying much

Because you could be prosecuted

Because you might be targeted by protestors

What is the key core tax metric in the World Economic Forum's paper 'Measuring Stakeholder Capitalism'?

Corporate income tax

EBITDA

Total tax paid

VAT

What else has been missing from the push for public tax transparency?

Benchmarking

Celebrity endorsement

Support from the large banks

Legislation

For which companies is tax transparency less pressing?

Companies operating in only one domestic market

Multinationals

Food and drink companies

Large tech companies

Why is there more pressure now to be publicly transparent about tax?

Because it is shortly going to become law

Because governments are spending a lot on rescue packages during the pandemic

Because of Covid-19

Because fair tax campaigns are gathering speed

Which tax would not fall under the 'total tax paid' in the World Economic Forum's paper?

Sales taxes

Property taxes

Employer-paid payroll taxes

Poll taxes

Make tax part of your sustainability reporting

Why has the urgency to adopt public tax transparency policy increased?

Which of the following is not what public tax transparency is about?

Why is public tax transparency generally important?

Why is it difficult for companies to be publicly transparent about tax?

Why might it be a bad idea to just report everything to do with the tax your company pays?

What is the key core tax metric in the World Economic Forum's paper 'Measuring Stakeholder Capitalism'?

What else has been missing from the push for public tax transparency?

For which companies is tax transparency less pressing?

Why is there more pressure now to be publicly transparent about tax?

Which tax would not fall under the 'total tax paid' in the World Economic Forum's paper?

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