Massive global breakthrough on multinational #tax and #transparency | Jason Ward (2025)

Hamish Clarke

Bringing science and society closer together | Research scientist, advocate and communicator

2y

fantastic

Gene Ward

Hospitality Management Professional

2y

Great work!

Don Griswold

Advancing inclusive prosperity and tax justice at the Center on Budget and Policy Priorities.

2y

Congratulations to Jason, CICTAR, and the many others who worked so hard for this to happen! My Australian son-in-law has bragging rights this week! With its introduction of a bill that would require public disclosure of corporate tax data —broken out by country so you can see how tax-dodging corporate titans shift their profits to tax havens— Australia takes the lead In the global effort to expose and uproot corporate tax abuse. On topic, see my column from last fall: “Billion Dollar Tax Cheats Require a Healthy Dose of Sunlight”https://news.bloombergtax.com/tax-insights-and-commentary/billion-dollar-tax-cheats-require-a-healthy-dose-of-sunlight?context=article-related

Erika Dayle Siu

Director of Research and Academic Centers at the University of Chicago Law School

2y

Bravo 👏 Jason and Toby!

Eelco van der Enden

Chief Executive Officer at Accountancy Europe

2y

Well, if Australia follows GRI 207, then I think the EU should also follow within the scope of their PCbCR. It means more comparable data on tax, benefitting both investors and other stakeholders. De-fragmentation on a global scale also reduces costs of compliance for reporters and build a common baseline for auditors. IAS 12 - GRI 207, you have financial & impact materiality combined. Looks like the global comprehensive baseline idea of some sorts already, our friends of the ISSB and GRI are pushing for. Will the EU ever consider Tax a ESG Metric, like WEF does? Then the PCbCR Directive will be absorbed within the CSRD and with our EFRAG friends we can take it from there. For the 'financial part', just stick to IAS please. Combined with GRI 207, what more could you wish as investor or stakeholder.If within the scope of the CSRD, the 'assurance bit' will become mighty interesting!

Ian Gary

Executive Director at The Financial Accountability and Corporate Transparency (FACT) Coalition and Fund for Constitutional Government

2y

Fantastic work, Jason and co!