Responsible tax: a governance matter of risk and return for investors
Responsible tax is not familiar enough for investors, finds Carlos Torneros, although things must change if the investment industry wants to improve its ESG credentials.
There is one moment that perhaps signals the relatively recent U-turn in attitudes towards tax avoidance in public opinion and other company stakeholders.
It was 12 November 2012 when the UK Parliament's Public Accounts Committee (PAC) famously grilled the representatives of Google, Amazon and Starbucks, among others, on the issue of tax.
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