Improving global tax transparency cannot be separated from overall reform of international taxation structures. And as the G20 has noted for several years, reform of international tax rules is one of a set of measures to strengthen the global financial system.
Ultimately, improving corporate transparency and disclosure has a strong foundation in good governance and gives investors the opportunity to make their own judgements.
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Regulators, companies, investors and other stakeholders must together address how to ensure that information on tax strategies is disclosed, reflected accurately in annual reporting and communicated effectively to investors.
Fiona Reynolds is managing director of Principles for Responsible Investment
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