Thursday , November 21 2024
Home / Mike Norman Economics / The GRI country-by-country reporting standard is launched today and other accounting standards setters should be taking note — Richard Murphy

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

Summary:
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 UKThe GRI country-by-country reporting standard is launched today and other accounting standards setters should be taking noteRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK;

Topics:
Mike Norman considers the following as important: , ,

This could be interesting, too:

Merijn T. Knibbe writes The 9th principle. Meticulous administration.

Frances Coppola writes The fatal flaws of Celsius Network

Frances Coppola writes Why Coinbase’s balance sheet has massively inflated

Mike Norman writes Who are accounts really for? – my first column now I am back with AccountingWEB — 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
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *