No hiding place: companies need to demonstrate they pay their fair share
AMSTERDAM, the Netherlands, Dec 5 (Bernama-GLOBE NEWSWIRE) — The launch of a new tax reporting standard that seeks to ensure multinationals are much clearer about how much – and where – they pay their taxes has received widespread international support.
The Global Reporting Initiative (GRI) Tax Standard is the first global standard for comprehensive tax disclosure at the country-by-country level. It supports public reporting of a company’s business activities and payments within tax jurisdictions, as well as their approach to tax strategy and governance.