Sustainability has become a hot topic for businesses owing to increasing stakeholder demand for long-term financial benefits associated with sustainable operations. Amid all the discussion about sustainability, tax is often overlooked. Yet tax is an important component of sustainability, intersecting with each of its environmental, social and governance (ESG) pillars. Not only is tax becoming an indicator of a company’s societal commitments but also the tax system is being used as a mechanism to facilitate the transition to a net-zero world.
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