Main directions of formation of tax policy of the organization in the conditions of introduction of ESG-technology

Aim. To consider the main problems of transformation of tax policy of the organization under the influence of ESG-regulations in the conditions of global development of integrated reporting and to establish the dependence of the level of sustainable economic development of the company, growth of its rating on the incorporation of tax policy elements into the indicators of financial and non-financial reporting.

Objectives. To study the concept and significance of tax policy for the formation of qualitatively new integrated reporting; to determine the role of tax policy in improving the investment attractiveness and competitiveness of the company; to establish the impact of ESG-concept on the construction of tax policy and financial results of the company; to study the current state of the regulatory and legal framework of the Russian Federation (RF), which regulates the introduction of ESG-technology in the composition of local acts of the company.

Methods. The study used private-scientific and general scientific methods, including methods of historical approach, systematization of empirical and theoretical research; analyzed the current legal and regulatory framework in the field of development and implementation of ESG-elements and identified the leading directions of tax policy formation in the conditions of ESG-rating.

Results. The recommendations developed by state regulators on the formation of integrated reporting and ESG-rating of sustainable development do not reflect the tax component. In this regard, the methodology proposed by the author is designed to contribute to the formation of, in fact, an innovative complex local normative legal act, tax policy in general, which takes into account the specifics of the introduction (embedding) of ESG-components.

Conclusions. Creation of a comprehensive science-based architecture of tax policy within the framework of ESG-technology will contribute to the achievement of sustainable development goals of the company. In particular, it will improve the quality of integrated reports, increase investment attractiveness, strengthen the organization’s position in ESG-ratings and reduce tax risks.

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