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Oxfam international  iconeBusiness leaders raise the bar on corporate tax behaviorNon-press
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Business leaders raise the bar on corporate tax behavior

Author : Oxfam international
Benjamin Franklin’s famous line that nothing is certain, except death and taxes, no longer holds true. Exposé after exposé have proved that it is all too easy for wealthy individuals and powerful corporations to sidestep their tax obligations. The practice has become so widespread that tax dodging is considered standard business practice by many corporate bosses.

This may now be set to change. The B Team, a coalition of forward-looking business leaders including Sir Richard Branson, founder of the Virgin Group, and Ratan Tata, Chairman Emeritus of the Tata Group, have announced a new set of principles and commitments on corporate tax. Despite some notable weaknesses, this initiative raises the bar on what constitutes responsible corporate tax behavior.

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