Document summary
This report explores corporate tax policy as a corporate responsibility issue that impacts a company's reputation, its operating environment and its cash flow. Multi-National Corporations (MNCs) have come under particular scrutiny as they are often in a position of legally minimising their tax burden by shifting profit recognition to low-tax jurisdictions. This report focuses on the risks related to the tax practices of MNCs in the consumer sector, how these practices have become more aggressive over time, and how investors can engage companies on their tax strategy and performance.