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Article

9 Feb 2018

Author:
Oxfam

Business leaders raise the bar on corporate tax behavior

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The publication of a new set of corporate tax principles by The B Team, a coalition of progressive business leaders, was welcomed by Oxfam today. The principles have been endorsed by companies such as Allianz, Unilever and Vodafone Group Plc.

Winnie Byanyima, Executive Director of Oxfam International said: 

“The B Team have raised the bar on what constitutes responsible corporate tax behavior.  They have set a new standard for companies that claim to operate ethically - claims that ring hollow if businesses do not pay their fair share of tax. All companies should meet these standards and truly forward-looking companies should do even more. 

“The B Team principles are a welcome step forward but there is more work to do on tax transparency. Unless companies are required to publish a detailed financial report for every country where they do business, we simply won’t know if they are paying their fair share of tax. This is particularly important for poor countries which lose $100 billion a year because of corporate tax dodging.”