• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
  • Guest Content
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics Business

Public Trust in Business ‘Flat-Lining’

Public trust in business is flat-lining, according to Philippa Foster Back CBE from the Institute of Business Ethics. The latest survey from the IBE shows that corporate tax avoidance remains the top public concern about business behaviour for 2015. The study found that the public’s general opinion about ethical business behaviour has failed to improve, with nearly […]

Jack Peat by Jack Peat
2015-12-10 14:07
in Business, News
The London Economic

The London Economic

FacebookTwitterLinkedinEmailWhatsapp

Public trust in business is flat-lining, according to Philippa Foster Back CBE from the Institute of Business Ethics.

The latest survey from the IBE shows that corporate tax avoidance remains the top public concern about business behaviour for 2015. The study found that the public’s general opinion about ethical business behaviour has failed to improve, with nearly 40 per cent still saying they consider British business behaves unethically.

Although most Brits have historically leaned towards businesses behaving ‘ethically’ than ‘not ethically’, over the past three years opinion has reached a sticking point.

Foster Back said: “Public trust in business is flat-lining. Business needs to do more to effect a step change in public opinion. While there are some companies doing great work in this field, there are still those who are not engaging in ethical business practice. A sizeable minority have not done enough. These companies are dragging the business sector down.”

Tax avoidance has been one of the top two issues since it was first introduced as a category in the survey in 2012, with 34 per cent considering this an issue which needs to be addressed. ‘Environmental responsibility’– which continues to fluctuate as an issue of concern, but has seen a significant rise between 2014-15; and ‘exploitative labour’ also feature prominently, with the latter gaining gradual increase in prominence over the last three years.

Foster Back added: “The fact that tax still remains the top public concern is an example where business is not doing enough to address these issues. Tax planning is difficult and complex. Internal engagement is needed around the decisions and circumstances behind tax positions, then communicated externally. Reputations can still be damaged by legal tax avoidance, which is why it is good practice for companies to have a clear and transparent statement showing their position on payment of tax.”

Content Protection by DMCA.com

RelatedPosts

Tory MP says expansion of free childcare is wrong policy

Labour calls on Tory MPs to vote against pensions tax cut

Mail hits out at James O’Brien for posting ‘cropped’ photo of Braverman – overlooking one thing

RMT members at Network Rail accept offer to end dispute

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending

Elevenses: Exposing the Tories’ Deepfake Illegal Immigration Bill

Elevenses: Rishi’s Finest Hour

Elevenses: Fear and Loathing in the New Conservatives

More from TLE

Elon Musk says sexual harassment claims should be viewed though ‘political lens’

The real problem with British democracy: First-past-the-post

UK Weather forecast, Friday 29 October 2021

How does this year’s hot weather compare with summer 1976?

‘Awfully British fake history’ trends on Twitter – here’s the best responses

VIDEO – 106-year-old woman meets Obama…and dances for joy!

Watch: Fury at Met Police video of officers doing random drug swabs in street

PM follows Trump’s commands, says Swinson

€6bn of EU share dealing rerouted from London to new European hubs on first day of trading

Boris Johnson joked about being at the ‘most unsocially distanced party in UK’

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.