{"id":8099,"date":"2024-12-10T17:30:00","date_gmt":"2024-12-10T16:30:00","guid":{"rendered":"https:\/\/vbdo.nl\/?p=8099"},"modified":"2024-12-10T11:54:07","modified_gmt":"2024-12-10T10:54:07","slug":"a-decade-of-progress-9-out-of-10-of-companies-now-publish-tax-strategies","status":"publish","type":"post","link":"https:\/\/vbdo.nl\/en\/2024\/12\/a-decade-of-progress-9-out-of-10-of-companies-now-publish-tax-strategies\/","title":{"rendered":"A Decade of Progress: 9 out of 10 of Companies Now Publish Tax Strategies"},"content":{"rendered":"<p>After ten years of commitment to enhancing tax transparency, the Tax Transparency Benchmark 2024 reveals that 93% of companies in scope now publish their tax strategies\u2014a significant leap from a little under half (45%) in 2015. This milestone underscores a transformative shift in corporate accountability, aligning tax governance with sustainability and stakeholder expectations. Dutch companies have shown stagnation in the last few years, while Italian and Spanish firms have demonstrated notable improvements.<\/p>\n<h2>Tax Transparency: Leaders and Lagging Areas<\/h2>\n<p>Philips, Enel, and NN Group emerged as leaders, scoring a perfect 38 points, showcasing exemplary practices in transparency and governance. Yet, progress remains uneven. Stakeholder engagement, a crucial component of tax transparency, has only marginally improved, from 23% in 2015 to 27% in 2024, highlighting the need for deeper dialogues with external stakeholders.<\/p>\n<p>\u201cWhile the progress in publishing tax strategies is commendable, companies must not lose sight of the broader picture\u2014integrating stakeholder feedback and aligning tax practices with sustainability goals,\u201d remarked Keetie van der Torren-Jakma, Director of Tax Policy at PwC Netherlands.<\/p>\n<h2>Tax and Sustainability Regulation<\/h2>\n<p>The Corporate Sustainability Reporting Directive (CSRD) continues to shape the landscape, but many companies believe tax will not be a material issue under the current criteria. Despite this, tax is increasingly considered integral to double materiality assessments, signalling its growing relevance in sustainability reporting.<\/p>\n<p>\u201cTax is no longer just a compliance matter\u2014it is a core component of corporate sustainability and a litmus test for corporate responsibility,\u201d said Angelique Laskewitz, Executive Director at VBDO. \u201cTo truly lead, companies must make stakeholder engagement and materiality analyses central to their tax governance.\u201d<\/p>\n<p>As businesses grapple with evolving regulatory demands, the benchmark serves as a critical tool for promoting transparency and ethical tax practices. It empowers companies to align with stakeholder expectations and global sustainability goals.<\/p>\n<h2>About the Tax Transparency Benchmark<\/h2>\n<p>The Tax Transparency Benchmark, now in its 10th edition, is a comprehensive study conducted by the Dutch Association of Investors for Sustainable Development (VBDO) in collaboration with PwC Netherlands. It assesses 116 European stock-listed companies on six Good Tax Governance Principles, such as respecting the spirit of the law, managing tax risks and providing tax assurance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After ten years of commitment to enhancing tax transparency, the Tax Transparency Benchmark 2024 reveals that 93% of companies in scope now publish their tax strategies\u2014a significant leap from a little under half (45%) in 2015. This milestone underscores a [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":8101,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15,16],"tags":[59,66,209,87],"esg-filter":[172],"pub-type":[179,224],"class_list":["post-8099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage","category-publications","tag-belasting","tag-benchmark-en","tag-reporting-transparancy","tag-tax","esg-filter-governance","pub-type-benchmark-en","pub-type-tax-transparency"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A Decade of Progress: 9 out of 10 of Companies Now Publish Tax Strategies - Dutch Association of Investors for Sustainable Development<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vbdo.nl\/en\/2024\/12\/a-decade-of-progress-9-out-of-10-of-companies-now-publish-tax-strategies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Decade of Progress: 9 out of 10 of Companies Now Publish Tax Strategies - Dutch Association of Investors for Sustainable Development\" \/>\n<meta property=\"og:description\" content=\"After ten years of commitment to enhancing tax transparency, the Tax Transparency Benchmark 2024 reveals that 93% of companies in scope now publish their tax strategies\u2014a significant leap from a little under half (45%) in 2015. This milestone underscores a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vbdo.nl\/en\/2024\/12\/a-decade-of-progress-9-out-of-10-of-companies-now-publish-tax-strategies\/\" \/>\n<meta property=\"og:site_name\" content=\"Dutch Association of Investors for Sustainable Development\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-10T16:30:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/vbdo.nl\/wp-content\/uploads\/2024\/12\/2412-TTB-2024.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"938\" \/>\n\t<meta property=\"og:image:height\" content=\"938\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Olivier Hofman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Olivier Hofman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/vbdo.nl\\\/en\\\/2024\\\/12\\\/a-decade-of-progress-9-out-of-10-of-companies-now-publish-tax-strategies\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/vbdo.nl\\\/en\\\/2024\\\/12\\\/a-decade-of-progress-9-out-of-10-of-companies-now-publish-tax-strategies\\\/\"},\"author\":{\"name\":\"Olivier Hofman\",\"@id\":\"https:\\\/\\\/vbdo.nl\\\/en\\\/#\\\/schema\\\/person\\\/35705e80e17d9aea1496522bc6c6c5a0\"},\"headline\":\"A Decade of Progress: 9 out of 10 of Companies Now Publish Tax Strategies\",\"datePublished\":\"2024-12-10T16:30:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/vbdo.nl\\\/en\\\/2024\\\/12\\\/a-decade-of-progress-9-out-of-10-of-companies-now-publish-tax-strategies\\\/\"},\"wordCount\":362,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/vbdo.nl\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/vbdo.nl\\\/en\\\/2024\\\/12\\\/a-decade-of-progress-9-out-of-10-of-companies-now-publish-tax-strategies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/vbdo.nl\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/2412-TTB-2024.jpg\",\"keywords\":[\"Belasting\",\"Benchmark\",\"Reporting &amp; 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