On 7 December 2023, we organize our Sustainable Tax and Transparency seminar, which will take place in The Hague, to offer a podium for a continuation of the active dialogue on tax and transparency, with a focus on the impact of ESG developments on the tax transparency environment.
The aim of the seminar is twofold: first, to investigate the commonalities and divergencies in the thinking about sustainable and public tax transparency and second, to explore the feasibility of a global and sustainable public tax reporting standard for the future.
Pulchri Studio
Lange Voorhout 15
2514 EA Den Haag
Parking
Interparking Museumkwartier
Korte Voorhout 2P
2511 EK Den Haag
Public Transport
Den Haag Central Station
Bus 22/24/28
Tram 9/15/17
Over the past years, ABP has recognized the need for increased tax transparency and good tax governance. That is why, in 2020, ABP developed its Tax Policy, in which it committed to being more transparent towards its stakeholders and conducting good tax governance. Also, ABP is committed to promoting public tax transparency in the businesses it invests in.
In order to stimulate an active dialogue on these issues, ABP held a seminar on public tax transparency in 2021. Much has happened since. ABP has taken significant steps in executing its policy, including through engagements with our stakeholders. The international tax policy environment has also moved on. Environmental Social and Governance (ESG) ambitions are currently at the heart of tax policies which are being developed worldwide by governments, companies and investors. This raises the question of what the impact of these policies will be on the design of public tax transparency standards in the future, including whether the scattered landscape of existing standards will converge.
As governments are aiming for a sustainable future through their ESG policies, tax has become a key instrument in driving behavioral change. In the past years, the public tax transparency environment has evolved due to new mandatory and voluntary standards being developed. This includes tax being considered part of the Social and Governance pillars of ESG, with that becoming part of ESG reporting. ABP welcomes the enhanced public tax transparency which has resulted. However, as a global investor, ABP has also observed a tension between local roots and global investments. ABP is aware that companies it invests in are subject to pressures of their own societies, which may diverge from the pressures which exist in the Netherlands and Europe. Also, ABP is observing the public tax reporting landscape is evolving in a scattered fashion which creates high administrative burdens and unpredictability.
ABP hosts its 2023 tax seminar on Sustainable Tax and Transparency with the aim of engaging in a meaningful dialogue with stakeholders, such as other institutional investors, academics, businesses, standard setters and policymakers, on the issues outlined above and ultimately promote, but also examine the possibility of establishing, sustainable global norms and standards when it comes to tax transparency and tax governance.
As ABP is aware that a high-quality global standard has a chance to materialize only if the perspective of all stakeholders is taken into account, ABP would like to invite you to this seminar so you can contribute to finding a common perspective on what a sustainable tax transparency standard could look like and how to achieve more global convergence in the standards used globally.
9:30 – 10:00: Walk in
10:00 – 10:05: Opening
10:05 – 10:20: Welcome
10:20 – 11:05: Fireside chat and Q&A
11:05 – 11:25: Coffee Break
11:25 – 11:45: Execution of ABP’s tax policy
11:45 – 12:40: Panel discussion
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12:40 – 13:00: Closing
13:00 – 14:00: Networking Lunch
We very much hope that you will be able to participate and look forward to seeing you at this seminar.
Kind regards,
Harmen van Wijnen
