Segments complaints are ‘CSR issues’ says EC

The EC has written to Publish What You Pay, a coalition that includes Friends
of the Earth, telling it that its concerns would be better addressed through
promoting corporate social responsibility, rather than a formal accounting
standard.

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The campaign group, represented by tax campaigner Richard Murphy, had wanted
the EC to intervene in its battle with the IASB over IFRS8, the standard on
segmental reporting.

Murphy disputed the EC’s response this week: ‘We have not raised a CSR issue.
We’re asking for information on sustainability of products, services and tax
charges.

‘That has to be key to valuation, and that’s definitely market-based data.’

For more, go to www.publishwhatyoupay.org

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