ESG Viewpoint – Responsible Taxation: A necessity to achieve the UN SDGs
Insights

ESG Viewpoint – Responsible Taxation: A necessity to achieve the UN SDGs

Tax transparency is an indicator of a company’s contribution to the countries and societies it operates in and reflects its values.  We explore issues around aggressive tax avoidance and our dialogue with companies on this topic.

Corporate tax transparency is not only seen as an indication of a company’s contribution to the countries and societies it operates in, but also as a reflection of its values.

As a result, headlines of aggressive tax avoidance have had profound impacts on public trust and led to consumer boycotts and fines. Notably, these scandals have occurred in Big Tech, given the number of intangible assets and thus the ease of transfer pricing to lower tax jurisdictions. However, corporate tax scrutiny goes beyond this sector. Greater corporate tax transparency is critical for investors to accurately evaluate and assess a company’s business strategies, and risk management, given the financial materiality of the potential fines and risks.

This Viewpoint sets out our active ownership expectations on corporate tax transparency for issuers.

Interested in learning more?

Read more about why corporate tax transparency matters, our expectations for best practice and the lowdown on our engagement efforts. Download the full viewpoint to discover more.

 

11 October 2022
Lorraine Hau
Lorraine Hau
Associate, ESG Analyst, Responsible Investment
Share article
Share on twitter
Share on linkedin
Share on email
Key topics
Related topics
Listen on Stitcher badge
Share article
Share on twitter
Share on linkedin
Share on email
Key topics
Related topics

PDF

ESG Viewpoint – Responsible Taxation: A necessity to achieve the UN SDGs

Risk Disclaimer

Views and opinions have been arrived at by Columbia Threadneedle Investments and should not be considered to be a recommendation or solicitation to buy or sell any companies that may be mentioned.

 

The information, opinions, estimates or forecasts contained in this document were obtained from sources reasonably believed to be reliable and are subject to change at any time.

 

Engagement efforts outlined in this Viewpoint reflect the assets of a group of legal entities whose parent company is Columbia Threadneedle Investments UK International Limited and that formerly traded as BMO Global Asset Management EMEA. These entities are now part of Columbia Threadneedle Investments which is the asset management business of Ameriprise Financial, Inc. Engagement and voting services are also executed on behalf of reo® clients.

Related Insights

28 November 2022

Steven Bell

Director, Multi Strategy Investments

Is the bear market in European equities over?

European shares have enjoyed a strong rally since the end of September. Steven Bell, explores the reasons behind the recovery and asks whether it will continue?
Watch time - 6 min
24 November 2022

Roman Gaiser

Head of High Yield, EMEA

High yield enters unchartered waters

Higher inflation and interest rates are unknowns for the high yield bond market, but with inflation far above US and European 2% targets central banks are having to raise rates.
Read time - 5 min
21 November 2022

Steven Bell

Director, Multi Strategy Investments

Recession Watch: Europe and USA

We’ve been talking about recession for most of this year. So what’s going on?
Watch time - 7 min

You may also like

Investment approach

Teamwork defines us and is fundamental to our investment approach, which is structured to facilitate the generation, assessment and implementation of good, strong investment ideas for our portfolios.

Funds and Prices

Columbia Threadneedle Investments has a comprehensive range of investment funds catering for a broad range of objectives.

Investment Capabilities

We offer a broad range of actively managed investment strategies and solutions covering global, regional and domestic markets and asset classes.

Thank you. You can now visit your preference centre to choose which insights you would like to receive by email.

To view and control which insights you receive from us by email, please visit your preference centre.