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Data suggests low engagement with CbC reporting

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New research from ESG Book, a tech platform providing sustainability, climate and governance data on over 30,000 companies, shows that a majority of G20 large businesses have not yet started reporting on a country-by-country basis, and that many do not have anti-tax evasion policies in place.

The data, published alongside ESG Book’s new corporate Environmental, Social, and Governance (ESG) Dashboard reveals two key insights:

  • 86% of the 7,000 biggest G20 businesses do not report taxes paid on a CbC basis (including 82% of the 425 UK businesses included in the data); and
  • only 15% of those businesses have an anti-tax evasion policy in place (although UK companies are second highest, with 35%).

The UK CbC reporting requirement has applied for large companies, broadly, for accounting periods beginning on or after 1 January 2016 (with the filing deadline for CbC reports being 12 months after the end of the period to which the report relates).

Issue: 1616
Categories: News
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