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Archive » February 2024 » Tax compliance, sustainability and cues for the code of corporate governance also in light of Oecd principles

Tax compliance, sustainability and cues for the code of corporate governance also in light of Oecd principles

Patrizio Braccioni
February 2024 - n. 2
Keywords: Compliance fiscale, principi Ocse, sostenibilità
Jel codes: H20, G20, G23, Q56

References to tax compliance, meaning compliance to tax obligations and prevention of tax risk, as contained in G20/Oecd Principles of Corporate Governance and the very recent approval by the Italian Government of decree n. 221 of 30 December 2023 about cooperative compliance regime and tax compliance in the framework of the 2023 Tax Reform, brings focus on the former as a new and relevant issue within corporate governance principles. It should also be noted that Eu Sfdr Regulation aimed at financial intermediaries poses compliance with tax obligations as a necessary condition to qualify investments as sustainable. In light of the above, it seems unpostponable that practices of corporate governance should consider tax compliance as an issue to be explicitly addressed. In particular, also the Italian Code of Corporate Governance for Listed Companies should go in this direction.

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