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Public comments on the exposure draft of the GRI Standard: Tax and Payments to Governments
A 90-day public comment period for the exposure draft of the GRI Standard: Tax and Payments to Governments ran from 13 December 2018 to 15 March 2019.
The Global Sustainability Standards Board (GSSB), GRI's independent standard-setting body, received 85 responses representing approximately 110 organizations or individuals. The submissions received are published here.
The draft standard was developed by a multi-stakeholder, expert Technical Committee appointed by the GSSB. All public comments received will considered by this committee, as well as the Global Sustainability Standards Board, which will inform the further development of the new standard.
In 2017, the Global Sustainability Standards Board (GSSB) initiated a project to develop new disclosures related to tax and payments to governments, which will be considered for incorporation into the GRI Standards.
The aim of this work is to help promote greater transparency on a reporting organization’s approach to taxes. Making tax data more widely accessible will help build stakeholder trust and contribute to better-informed policy and investment decisions.
To this end, a multi-stakeholder Technical Committee of experts appointed by the GSSB began its work in January 2018 and developed a draft Standard on tax and payments to governments.
Further background on the project can be found in the project proposal. Please keep your eye on this page, or sign up below, to stay informed about project updates. Further questions can be emailed to email@example.com.
This timeline is subject to change.
Phase 1: Project Commencement (October 2017)
Phase 2: Appointment of Technical Committee (January 2018)
Phase 3: Development of Exposure Draft ( January - November 2018)
Phase 4: Public exposure ( December 2018 - March 2019)
Phase 5: Consideration of respondents' comments and revision of proposed Standard (Q2 - Q3 2019)
Phase 6: Approval of GRI Standard (expected Q4 2019)
Phase 7: Final Standard released (TBC)
The following documents inform, guide or provide background context for the work to develop disclosures on tax and payments to government.Project Proposal: Disclosures on tax and payments to government Terms of Reference TC: Disclosures on Tax and payments to government GSSB Due Process Protocol 2018 GSSB Terms of Reference 2018 GSSB Work Program 2017-2019 Exposure draft Standard for tax and payments to governments
The GRI Technical Committee on tax and payments to governments is made up of the following members. Read more about them in their member bios.
Daniel Bertossa, Public Services International, France
Alex Cobham, Tax Justice Network, UK
Andy Cale, Vodafone Group Plc, UK
Eelco van der Enden, Tax Policy Group, Accountancy Europe and PwC, Netherlands
Richard Murphy, City University, London, and Tax Research UK, UK
Vaishnavi Ravishankar, UN PRI, UK
Rob Wilson, MFS Investment Management, USA
Kenton D. Swift, University of Montana, USA
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If you are interested only in tax-related GRI Standards updates, please send an email to firstname.lastname@example.org indicating you would like to stay informed about the development of this project.