Friday, October 25, 2019
Karen Brown (George Washington) presents Tax Policy: A Tool to Support Sustainable Grow at Boston College today as part of its Tax Policy Workshop Series hosted by Shu-Yi Oei, Jim Repetti, and Diane Ring:
In the spring of 2019, the World Bank launched the Human-Centered Business Model ("HCBM") that takes corporate social responsibility to a different level by supporting a system in which governments may account for consequences to constituents when businesses operate without reference to a set of minimum guidelines. It seeks to incorporate a common set of corporate goals covering economic, social, and environmental sustainability based on a core set of values to create a coherent business ecosystem. The paper provides an overview of the goals of the Fiscal Pillar (Pillar Four) of the HCBM project. It offers options for governments to design tax regimes that support efficiency and sustainable growth in their economies while providing incentives for enterprises to operate with attention to core principles as well as the considerable costs of doing business in a manner that does not serve sustainable goals.