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ACS President's Blog: Corporate duties extend to paying fair tax share

Friday, 04 Jul 2014

Posted on Thursday, 3 July 2014

Hello colleagues, this is substantially the opinion piece that appeared on Tuesday 1 July 2014 in The Australian for your reading pleasure and comments:

THERE’S an age-old debate about the purpose of business. The average board director or shareholder would most likely push the line that the function of a business is to make money.

In recent years, however, we’ve seen a growing number of stakeholders and decision-makers committed to building sustainable businesses, where a noble mission is as important as the bottom line.

Nowhere is this more prevalent than the ICT sector, where businesses like Apple and Google talk up their roles as corporate citizens and drive corporate social responsibility programs to add value to the community.

While CSR programs are commendable, these same companies are giving with one hand but holding back with the other by using every means possible to avoid paying their fair share of tax... Read more