Ethical taxpaying: how does a company ascertain the “right amount of tax”?

tax ethicsAuthor: Matthew Hodkin – Norton Rose Fulbright LLP

Tax has been much in the news recently. This is not the first time that tax has risen to the top of the political agenda but now public mood has shifted towards the idea that people should be paying more tax. Historically, tax has caused all manner of protests, uprisings and even wars but there has also previously been sustained public outcry that people just aren’t paying as much tax as they ought.

This developing perception of tax as a moral or ethical obligation creates difficulty with which existing corporate processes are not always well-equipped to cope.