Wednesday, February 04, 2009


The Guardian may have coined a new phrase (unless someone can think of a better one.)


"You've heard plenty of "greenwash" from companies declaring environmentally friendly credentials, often on the back of questionable third party endorsements."

Lenient risk-rating systems and other endorsements give companies the perfect answer to allegations of tax avoidance. A company can cite a good risk rating and claim to have a "proactive and transparent " relationship with the authorities.

"But just like greenwash, the official endorsement doesn't tell the whole story of the company's record. Unless readers can think of a better term, let's call it "taxwash".


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