Thursday, June 03, 2010

Country by country reporting: Christian Aid pushes

From Accountancy Age:

"Companies must lift the lid on how much money they make through their subsidiaries in poor countries, says Christian Aid."

Dave Hartnett, HM Revenue & Customs permanent secretary, supports the initiative.

"Last week Christian Aid said it has contacted “thousands of its supporters” asking them to encourage multinationals including Marks & Spencer, Rolls-Royce, BT and Barclays to respond to a Christian Aid survey about tax and development. The group has already written to all FTSE 100 companies, asking them whether they would support the introduction of a new, more transparent accounting standard."

Progress, progress - but still a very, very long way to go.


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