Asset managers review companies' tax histories for potential portfolio exclusion due to small tax bills amid pandemic-related emergency spending.
Asset managers such as Federated Hermes, Robeco, Van Lanschot Kempen, and Natixis Investment Managers are examining companies' tax histories and potentially excluding them from portfolios due to small tax bills. This comes as governments aim to replenish revenues after pandemic-related emergency spending. Tax-related risks have been added to a scoring tool used to determine which companies to exclude.
March 03, 2024
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