Tax and Sustainable Development: Funding Public Services and Achieving the SDGs

In this episode, we delve into the crucial role of tax in funding public services and achieving the Sustainable Development Goals (SDGs). The World Economic Forum's Global Risk Report has highlighted various concerns, including social provision, job loss, mental health, extreme weather events, asset crises, cybersecurity threats, and climate change. To address these challenges, developing countries require fiscal resources to reduce poverty and inequality.

One key aspect of tax is transparency, which plays a vital role in countering illicit financial flows and contributing to peace, justice, and strong institutions. The episode explores how tax avoidance and evasion by the rich and powerful undermine societal welfare and development. Responsible tax behavior is becoming increasingly important for companies, investors, and rating agencies.

The Global Reporting Initiative (GRI) has developed reporting guidelines (GRI-207) for organizations to disclose tax-related impacts and management. Transparent reporting on tax not only helps build trust but also supports the development of effective tax policies and promotes a level playing field.

Join us as we discuss the significance of tax in funding public services, achieving the SDGs, and creating a fair and sustainable future.

What are the tax responsibilities of corporations from a sustainability perspective?
What part does ethical tax decision-making play in companies managing risk and being more resilient?

In this pivotal episode of SDG Insider, we explore the crucial role of transparent tax reporting in building trust within society and fostering a more equitable world with Executive Director at Ethical Systems, Alison Taylor, and Global Advisory and Tax lead at GRI, Dave Reubzaet.

Hosted by Ayanda Charlie, join us as we explore the tax responsibilities of corporations through an ESG (Environmental, Social, and Governance) lens and discuss the impact of ethical tax decision-making on a company's risk management and resilience.

Make sure to subscribe so you don’t miss an episode as we foster transparency, ethical tax practices, and a more equitable society through responsible business decisions.

Links you should know about:
The Global Reporting Initiative: www.globalreporting.org Transcript - How transparent tax reporting can build trust – and a more equal society .docx.pdf — PDF (109.8 KB)