To create a theme for the morning, when I have already written about tax and responsible investment, I note that my Fair Tax Mark colleague Paul Monaghan has an article on the forthcoming Fair Tax Fortnight on the Ethical Corporation website. In it he refers to the first piece of work we did together on this issue, in 2006, with Sustainability:
Amongst the suggestions made in that report, which was ground-breaking when published, is this diagram oin stakeholder interest in this issue:
The report also made these suggestions as to why a company should be interested in tax reporting and how they should progress towatds it:
I suspect Paul and I would still agree on a great deal of that. It's interesting to compare with what the UNPRI are saying in their new report (using a remarkably similar colour scheme):
Progress is taking time. But I think the pace of change is growing. The time will soon come when people will wonder why comprehensive tax reporting was ever an issue. But we need full country-by-country reporting before that happens. The UN PRI supports the idea, I am pleased to note. It's just a shame that the accounting profession does not as yet.