What is the connection between corporate taxes and sustainability reporting?

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Davis et al. examine how managers discuss taxes in sustainability reports as one way to understand the relation between CSR and taxes. Managers can make decisions on the extent they engage in lobbying and tax planning, to reduce the amount of taxes paid. Davis et al. find inconsistencies in how corporate tax payments are treated in sustainability reports, despite GRI reporting guidelines on the importance of tax disclosure. Davis et al. examined 40 sustainability reports selected randomly in the MSCI ESG annual data set from 2009 to 2011 that are of high-quality. Davis et al. find a lack of uniform treatment of taxes. Some firms which regard CSR as important, report no tax information at all (47.5%) but instead lobbying activity. Intel and 3M company show disconcert for...
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