"PAYING FOR GOOD"

S4 E4: 'Paying tax for good' with Mary Patel and Jaime Boswell from the Fair Tax Foundation

June 10, 2021 Corinne Carr Season 4 Episode 4
"PAYING FOR GOOD"
S4 E4: 'Paying tax for good' with Mary Patel and Jaime Boswell from the Fair Tax Foundation
Show Notes Transcript

In this episode, you will learn from Mary and Jaime about:

  • why paying a fair share of tax is a material issue for investors, employees and consumers
  • examples of good practices
  • who the bad guys are (yes, they are named in the podcast).

Your action takeaways from Mary, Jaime and me

As an HR/reward professional:

This episode relates to corporation tax-dodging, but the same thinking applies to income tax. The days of being ‘creative’ with remuneration packages and employee (re)locations have long gone and are being frowned upon by your stakeholders on whom your business’s existence relies. Check that all your employees are paying the right amount of tax, in the right place and at the right time.

As a business:

If you’re an organisation that is open, honest and transparent about your taxes, contact the Fair Tax Foundation to learn how to become certified.

As an investor:

Stand out from the competition by writing to your portfolio companies and asking them to pursue the Fair Tax Mark accreditation.

1.       Learn about the SDGs and consider the role that you can play to support them.

2.       Start taking action: determine your own priorities and where you can have most impact, and set ambitious sustainability targets using the Network tools.

3.       Consider becoming a member of the UN Global Compact to network with other businesses and learn how they are tackling some of these challenges.

To find out more about how to design and implement a Responsible Reward strategy in your organisation, please email me at [email protected]

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Please email [email protected] for a transcript of this episode.