Quote of the day: fracking tax positions
Vodafone’s 2013 “Tax Risk Management Strategy” paper, for example, concedes in its small print that Vodafone happily adopts filing positions which “will not meet the more-likely-than-not standard but would still be tenable”.
If the mining of tax risk may be understood in extractive terms, a policy of habitually adopting merely “tenable” filing positions is about as sustainable and responsible as fracking.Well said. And the whole post is well worth reading.
(Update April 2014: for more information on tax and corporate responsibility see here).