The tax gap debate: how ethical can banks really be?

Author: Richard Brooks, The Guardian [UK], Published on: 5 February 2009

Widespread tax avoidance means no bank could promise only to invest in companies that don't avoid tax in all countries rather than just in the least developed nations...When the Co-operative Bank [part of Co-operative Group] recently introduced a new ethical policy, some important aspects were reported - but not tax. We can correct that oversight...It is explained as follows: "One of the most effective ways that businesses can contribute to poverty reduction is to pay income tax in developing countries.

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Related companies: Co-operative Bank (part of Co-operative Group) Co-operative Group