Financial Transparency Coalition

I am in the US to talk about country-by-country reporting at Yale University. The slides I’ll be using are here. As I say in them:

—CBC is a new way of looking at the MNC —It is in essence a demand for a profit and loss account and limited balance sheet for each country in which the MNC trades —But it’s also something much more than that —This is an accounting system that roots the corporation in the countries that host it – and not somewhere floating above them —And this is accounting that says the MNC is an entity in its own ...

Vanessa Houlder has written an excellent article in the Financial Times this morning on the subject of tax and reputational risk. As she notes:

One lesson for companies is clear: tax is becoming an important source of reputational risk. Increasingly, businesses are weighing up whether they are vulnerable to attack and how they should respond if they become the target of a campaign.

The article has, of course, been inspired by the latest Vodafone protests,but it is much broader in it’s focus than that. It does, in particular, look at the tax...

GLASGOW, SCOTLAND—Christian Aid Scotland and the Church of Scotland today launch a joint report to raise awareness of the billions lost to developing countries from tax evasion and avoidance and to call on the International Accounting Standards Board to introduce an international country-by-country reporting standard. Such a standard would oblige multinational corporations to report on their profits and other financial details in each of the countries or jurisdictions in which they operate. The launch of Paying our dues: how tax dodging punishes the poor (PDF, 5mb),...

GLASGOW, SCOTLAND—Christian Aid Scotland and the Church of Scotland today launch a joint report to raise awareness of the billions lost to developing countries from tax evasion and avoidance and to call on the International Accounting Standards Board to introduce an international country-by-country reporting standard.