Tax partner Andrew Howard recently recorded a Ropes & Gray trending video, in which he addresses tax coming out of the shadows and becoming a part of the environmental, social and governance (ESG) agenda.
In a recent The Drawdown article, “Tax Comes Under ESG Spotlight,” tax partner Andrew Howard provides commentary on how companies might approach assessing reputational risks from tax decisions in the ESG global arena. Howard notes, that in light of recent attitude shifts toward tax transparency, we may see “policymakers bring forth rules that erode confidentiality in tax affairs in favour of greater openness to the general public, not just authorities.”
Click here to read the full article, which includes more insights from Andrew.
In May 2016, we published an alert about UK proposals to introduce new strict liability corporate criminal offences aimed at preventing the facilitation of tax evasion. Andy Howard, Tax partner in the Ropes & Gray London office, also recently recorded a short video on the topic for our Trending Legal Topics series. The UK has recently confirmed that the relevant legislation will come into effect on September 30, 2017. In this alert, we recap on the key aspects of the new offences, and the steps that businesses should take in order to protect themselves ahead of commencement.
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The UK’s new corporate offence of failure to prevent facilitation may target a limited array of businesses aimed at providing financial services to individuals, but it applies to all businesses. Learn more about the elements of the offense, its wide territorial scope, and what companies are doing to respond here.