The OECD’s corporate tax reforms promise international alignment, but investors should not take progress for granted.
Tech firms Cisco and Microsoft are the latest to face calls for increased transparency.
Full text of agreement will not be ready by mid-year as originally planned, with implementation now expected in 2024 rather than 2023.
Growing investor focus on tax planning and reporting is underpinned by global regulatory trends.
While not illegal, aggressive tax planning by corporates threatens to undermine responsible investing.
With significantly fewer companies using public equity markets, OECD calls for strengthening of corporate governance policies and frameworks.
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