KEY TAKEAWAYS:

• Funding the Covid-19 recovery has led to a revived global debate about tax policy and rates, with 130 countries agreeing on a global minimum tax rate.
• Corporate tax avoidance is a major ESG issue, but disclosure on responsible tax practices is noticeable by its absence.
• Responsible investors are increasingly taking into account the implications of fair taxation for social issues such as global inequality, particularly given an increased focus on outcomes-based investing and stakeholder capitalism.