Some of the world’s biggest companies... together with​ ​The B Team​, have today set out a new set of Responsible Tax Principles designed to raise the bar in how businesses should approach tax practice. 

The Principles...cover key areas such as tax management strategy, interactions with authorities, and reporting. So far nine companies with operations in more than 150 countries have endorsed the Principles.

They encourage other businesses to follow their lead and invite governments and civil society to contribute to a dialogue that will see tax strategies used to direct resources where they are most needed  as part of the collective effort to meet the​ ​UN’s Sustainable Development Goals​.   

... The Principles ...include: 

 ● Make boards accountable for tax policy;

● Publish a tax strategy and be transparent about its implementation;

● Be transparent about the entities they own around the world and why;

● Provide information on their overall effective tax rate, and on the taxes paid in countries they operate in.   

[Also refers to Natura Cosméticos]