Responsible Investment : Taxes and Paradoxes
Knuutinen, R., & Pietiläinen, M. (2017). Responsible Investment : Taxes and Paradoxes. Nordic Tax Journal, 1(1), 135-150. https://doi.org/10.1515/ntaxj-2017-0010
Published inNordic Tax Journal
© 2017 R. Knuutinen and M. Pietiläinen, published by De Gruyter Open. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.
Taxes have become an issue of corporate social responsibility (CSR), but the role of taxation is to some extent an ambiguous and controversial issue in the CSR framework. Similarly, another unclear question is what role investors who are committed to sustainable and responsible investment (SRI) see taxes as having on their environmental, social, and governance (ESG) agenda. Corporate taxes have an inverse relationship with the return of the investors: taxes paid directly affect what is left on the bottom line, reducing the return of investors. However, investors are now more aware of tax-related risks, which can include different forms of reputation risk. Corporate tax planning may increase the returns, but those increased returns are riskier. This study focuses particularly on the relationship between SRI and taxation. We find that tax matters are considered to be on the ESG agenda, but their role and significance in the ESG analysis is unclear.
PublisherDe Gruyter Open
Publication in research information system
MetadataShow full item record
- Kauppakorkeakoulu 
Except where otherwise noted, this item's license is described as © 2017 R. Knuutinen and M. Pietiläinen, published by De Gruyter Open. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.
Showing items with similar title or keywords.
Toscano, Diana (2021)Imagine a student studying in his own country, is awarded a scholarship from a developed foreign country. To continue receiving a scholarship, the student is assessed by the sponsoring country’s education standards and ...
Terrains of struggle : the Finnish forest industry cluster and corporate community responsibility to Indigenous Peoples in Brazil Myllylä, Susanna (University of Jyväskylä, 2015)
Can corporate social responsibility (CSR) be recruited? : an insight to future employees' values and perceptions on attractive employers Honkala, Henna (2013)Many businesses acknowledge that they want to achieve the best possible employees in order to succeed in the markets in the near future. This study takes a stance on who these employees, the future talents, are and what ...
Lämsä, Anna-Maija; Heikkinen, Suvi; Smith, Mark; Tornikoski, Christelle (Routledge, 2017)In this paper we argue for the recognition of the expatriate’s family as a stakeholder of the firm during the expatriation. We demonstrate why the expatriate’s family can be regarded as a stakeholder of the parent company ...
Attitudes toward CSR : the attitudes of Finnish trade unions' representatives toward corporate social responsibility practices Pietiläinen, Ella (2015)The aim of this study was to investigate the attitudes of trade union representatives toward companies’ CSR practices. The research participants were representatives of altogether nine Finnish trade unions and one Finnish ...