Global expansion prompts companies to manipulate taxes through profit shifting, straining economies. G-20’s efforts falter as profit shifting endures, draining funds for vital services. Lowering corporate tax rates, while tempting, invites financial instability. Embracing ESG principles, tax strategies reveal a moral stance, demanding inclusive financial guidance. Is it time to redefine tax ethics for corporate citizenship?
One of the biggest changes companies expanding globally will experience is likely to be in the way they account for and pay their taxes.
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