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By Rachel Fixsen2021-01-11T15:50:00+00:00
Danish labour market pension fund Sampension and the independent pension funds it runs are tightening tax scrutiny of firms they invest in, with the joint management operation now requiring companies to report the tax they have paid by region, rather than submitting a global total.
The pension fund community – which includes Sampension Liv, the Architects’ Pension Fund, the Pension Fund for Agricultural Academics and Veterinary Surgeons and ISP Pension – said the move aimed to ensure all companies were paying the taxes they should.
Sampension said it had been making the new demand in “improvement dialogues” with corporate giants such as BMW, BP and, most recently, Belgian brewery giant AB InBev.