CoVi Big Tent event on the 15th of September 2016 in London, United Kingdom - Photo: CoVi

The Tax Dialogue was invited to participate in the opening panel at the CoVi Big Tent event on the 15th of September linking the lessons learned in Denmark to what is happening in the UK on the issue of responsible tax.

The Big Tent event came after a year of bringing together perspectives from the various actors on a dedicated website run by CoVi – www.responsibletax.org.uk.

This summer this culminated in a publication with recommendations for a variety of actors – both national and international. It is KPMG in the UK, a major tax advisory firm, who has enabled CoVi to run these activities and events and KPMG both contributed to the publication and the various events.

The report “Re-building a social compact for responsible tax for the common good” summaries some of the views that have been expressed on the online platform throughout the year, but also points to the next steps that can be made.

For one, the establishment of an All-Party Parliamentary Group on responsible tax, as recommended by the CoVi report, was announced by MP Margaret Hodge at the event.

On the opening panel common ground was found on the need for more transparency and being better at communicating about responsible tax to the public. However, much work is still to be done for stakeholders to approach each other and appreciate each other’s viewpoints and events like the Big Tent are much welcome input. It is clear that there is a myriad of actors relevant and involved in the agenda of responsible tax ranging from tax authorities, members of parliament, tax advisors, NGOs, investors, standardisation boards, the media and of course multinational companies.

The break out sessions at the event enabled smaller conversations about various issues, whether it be multi-stakeholder dialogue, raising the issue at Annual General Assemblies, or international standardisation. The Tax Dialogue co-facilitated one session with our partner Christian Aid, the merits of stakeholder dialogue were discussed. No conclusions were drawn at the break out session, but it was another example of the first steps in building a shared understanding of responsible tax and the benefits of multi-stakeholder engagements.

You can read more about the initiative and the publication here: www.responsibletax.org.uk.

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