Publishing group Pearson has published its first country-by-country report for the year ended 31 December 2016, containing financial information for its 12 largest markets, together with details of the company’s tax strategy. Over the last five years, Pearson has paid £750m in tax on business profits around the world.
Launching the report, Coram Williams, chief financial officer of Pearson, said: ‘Pearson joins a small number of multinational companies that make a voluntary disclosure on a country-by-country basis of tax paid. We recognise growing interest in how companies approach taxation matters and Pearson has published this report setting out our principles, policies and strategy. This forms part of our commitment to greater transparency in how we run our business and is an important addition to our wider sustainability reporting.’
Publishing group Pearson has published its first country-by-country report for the year ended 31 December 2016, containing financial information for its 12 largest markets, together with details of the company’s tax strategy. Over the last five years, Pearson has paid £750m in tax on business profits around the world.
Launching the report, Coram Williams, chief financial officer of Pearson, said: ‘Pearson joins a small number of multinational companies that make a voluntary disclosure on a country-by-country basis of tax paid. We recognise growing interest in how companies approach taxation matters and Pearson has published this report setting out our principles, policies and strategy. This forms part of our commitment to greater transparency in how we run our business and is an important addition to our wider sustainability reporting.’
