Guesswork or obvious? No idea why anyone thought it would be useful at all.https://twitter.com/MForstater/status/1035481810942287872 …
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Most large UK plcs now have a tax culture that stop anything aggressive well before it gets to board level, but the published strategy isn't (in my experience) really part of that.
The basic policy behind the introduction of requirement to publish was flawed:
1. We have found that companies who publish their strategy are less aggressive
2. Let’s make all companies publish their strategy.
#CorrelationIsNotCausation
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