The move follows a campaign by Publish What You Pay for country-by-country
reporting of corporate revenues and tax bills.
The topic is set to be discussed at next week’s meeting of the International
Standards of Accounting and Reporting, a working group of the United Nations
Conference on Trade and Development (UNCTAD).
The IASB last week confirmed it would involve the UN, World Bank and IMF in
its work on the country-by country submission.
The IASB has so far formed a working group – constituting board members
Robert Garnett, Gilbert Gélard and Anthony Cope – to review PWYP’s submission.
Garnett will also be a speaker at UNCTAD’s meeting next week of 250 delegates
from 80 countries, which will also be attended by Big Four firms, UNEP, IFAC,
the European Commission, German Accounting Standards Board, and Hermes.
Anthony Miller, a UN economic affairs adviser, said that when it came to
disclosure, auditing tended to be on the lowest rung of areas companies reported
Partner at Pinsent Masons says Serious Fraud Office has secured 'one of the top ten enforcement actions of all time'
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Drastically fewer offices for HMRC in the hope to reduce their running costs
An 80% increase in additional revenue for HMRC coincides with a crackdown on income tax avoidance