You are being redirected to the story the piece of content is found in so you can read it in context. Please click the following link if you are not automatically redirected within a couple seconds:
en/briefing-discusses-tax-avoidance-as-a-business-ethics-issue#c72011

Business Ethics Briefing: Tax Avoidance as an Ethical Issue for Business

Author: Institute of Business Ethics, Published on: 1 April 2013

This Briefing explores corporate taxation and specifically the issue of tax avoidance as a business ethics issue…The term ‘tax avoidance’ is used to refer to legitimate but maybe aggressive use of things such as financial instruments and other arrangements to obtain a tax result not intended, or anticipated by, the government...Paying a ‘fair’ amount of tax in the countries in which they operate is seen as a responsible thing for a company to do for the social good…[S]ome say it is morally indefensible for multinational corporations be avoiding paying their fair share of UK taxes. Avoiding tax is avoiding a social obligation it is argued…Company directors will often argue, however, that their responsibility is to maximise the value they deliver for their shareholders and that includes keeping tax costs to a minimum within the realms of what is legal…[Also refers to Amazon, Associated British Foods, Centrica, Dell, Google, IBM, L'Oréal, Microsoft, Old Mutual, Rolls Royce, Starbucks, Vodafone]

Read the full post here

Related companies: Amazon.com Centrica Dell Google (part of Alphabet) IBM L'Oreal Old Mutual Rolls-Royce plc Vodafone