The Global Reporting Initiative (GRI) has recently released the first global standard for comprehensive tax disclosure at the country-by-country level. The standard enables organizations to better understand and communicate information about their tax practices publicly. It is part of the GRI Standards – the most widely adopted standards for sustainability reporting.

The GRI 207: Tax 2019 was drafted by a multi-stakeholder Technical Committee appointed by the Global Sustainability Standards Board, GRI’s independent standard-setting body. It’s development was informed by global consultation, including a public comment period.

The GRI Tax Standard builds on the aims of the OECD Framework on Base Erosion and Profit Shifting (BEPS), which requires large multinationals (in OECD countries) to provide country-by-country data to tax administrations. It focuses on public reporting – making tax information available to all stakeholders – and applies globally.

The GRI is an independent international organization that helps businesses and other organizations understand and communicate their impacts on issues such as climate change, human rights and corruption. It has global strategic partnerships with the Organisation for Economic Co-operation and Development (OECD), the United Nations Environment Programme (UNEP) and the United Nations Global Compact.

Further information here.

Download the standard

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