Paving the way for increased tax transparency

Together with Global Reporting Initiative (GRI) we held a half day discussion on how to increase a tax transparency.

There has been a growing call for tax transparency around the world. Stakeholders demand for more corporate reporting on tax.

To respond to this call for transparency, the Global Sustainability Standards Board (GSSB ) appointed a multi-stakeholder Technical Committee of experts to develop the first global disclosures on tax and payments to governments. The Committee drafted the GRI Standard on Tax and Payments to Governments. It is now available for public comment.

Below, Bastian Buck, Chief of Standards at GRI, speaks about the purpose of the meeting.

During the event stakeholders discussed the standard and the role of tax within the larger sustainability debate.

Eelco Van Der Enden, from Accountancy Europe’s Tax Policy Group explains how tax, sustainability and the SDGs are closely interlinked and what the implications of this could be in the context of a discussion on the GRI Standard on Tax and Payments to Governments.

Read more on the draft Standard on Tax and Payments to Governments and the Public Comment Period in the link below.