Senator, Transparency Groups Push for Corporate Tax Disclosures

Tax fairness advocates and a U.S. senator are urging multinational corporations to publicly report where and how much they pay in taxes.

They’re backing a corporate tax reporting standard released Dec. 5 from the Global Reporting Initiative, an independent organization that provides sustainable reporting standards. The initiative aims to shed light on corporations’ tax strategies, governance, and risk management.

“Investors, like other stakeholders, are frustrated by the difficulties in assessing tax information,” said Eric Hespenheide, chairman of the Global Reporting Initiative Board of Directors. “This is because clarity on the tax data at the country-by-country level is highly ...