The GRI country-by-country reporting standard is launched today and other accounting standards setters should be taking note — Richard Murphy

As the FT reported a couple of days ago when discussing corporation tax and corporate accountability:

Now the Global Reporting Initiative, a not-for-profit setter of sustainability standards, is seeking to enhance transparency in this area. In a new standard it is calling for improved disclosure of corporate tax strategy, explanation of the reasons why the tax charge in financial accounts falls short of statutory headline tax rates, and country-by-country reporting of business activities, revenues, profits and tax.

Tax Research UK
The GRI country-by-country reporting standard is launched today and other accounting standards setters should be taking note
Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum