Multinational Enterprises (MNEs) are increasingly recognising that they are accountable to a range of stakeholders, not limited to shareholders, and have obligations to those stakeholders to deliver sustained and sustainable value creation and to engage with all of them. The recognition of these obligations to stakeholders has raised the significance of corporate accountability and the importance of Environmental, Social and Governance (ESG) principles, leading to some behavioural change in MNEs with respect to governance and transparency.
Next to transparency around MNEs’ tax contribution, stakeholders need further information on tax governance and how an MNE establishes, monitors, and enforces its clear policies and practices around the management of taxes and tax risks.
Because of differences in operations, territories and business organisations, a single standard of tax governance that applies to all MNEs in all circumstances cannot be defined, but MNEs can seek to address stakeholder concerns by demonstrating that their tax strategy and execution meets some clear and widely accepted best practice criteria with an objective of ensuring that taxes contributed are not only in compliance with all relevant laws but are also sustainable and appropriate.
Join this virtual seminar jointly organised by the Tax Executives Council of the Conference Board, The B Team, and the European Business Tax Forum to discuss the importance of and future outlook on best practices for good tax governance.
For more information, please download the invitation flyer.
For registration, please contact info@ebtforum.org.