BBVA, recognized for its best practices in taxes
CSR Europe and PWC have recognized BBVA for its transparency and best practices in tax issues. At an event in Brussels, this European corporate social responsibility network and the global consulting firm presented a report on the best corporate practices for tax matters. In a world where companies are expected to have a sustainable business in every respect, BBVA was one of the large global companies to present its best practices at the event.
The authors of the report have welcomed BBVA’s work in tax transparency since 2011. The bank has voluntarily published its total tax contributions since this time, thus complying with its corporate principle of transparency and its commitment to social responsibility.
Through its Total Tax Contribution Report, BBVA voluntarily releases every year the amount of taxes it pays in the countries where it has a significant presence. It was the first Ibex 35 company to publish a report of this kind.
“Despite the technical difficulties and economic cost that can come from a report like the one BBVA prepares, taking this initiative and then deciding to publish it has led many other companies around the world to follow in our footsteps, making us a global leader,” explained Iker Isusi, Director of Policies, Control and Global Business Organization in BBVA’s Tax Department.
CSR Europe is the leading business network on Corporate Social Responsibility. CSR Europe has been working on transparency and responsible tax behavior since 2016, with the objective of contributing to this discussion and looking at companies’ total impact on society. The project aims to boost corporate tax transparency and establish responsible tax behavior as one of the main pillars of corporate social responsibility (CSR) strategy.“Despite the technical difficulties and economic cost that can come from a report like the one BBVA prepares, taking this initiative and then deciding to publish it has led many other companies around the world to follow in our footsteps, making us a global leader,” explained Iker Isusi, Director of Policies, Control and Global Business Organization in BBVA’s Tax Department.
"A Blueprint for Responsible and Transparent Tax Behaviour" report.