Equator Principles and Sales Tax: Difference between pages

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''Project finance - environmental and social concerns.''
Tax charged on the value of goods and services bought and sold, rather than on net income or profits.


For example, VAT.


'''''From the Equator Principles website:'''''


:"The Equator Principles (EPs) is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects and is primarily intended to provide a minimum standard for due diligence and monitoring to support responsible risk decision-making.
== See also ==
* [[Income Tax]]
* [[VAT]]


:Currently 94 Equator Principles Financial Institutions (EPFIs) in 37 countries have officially adopted the EPs, covering the majority of international project finance debt within developed and emerging markets.
[[Category:Accounting,_tax_and_regulation]]
 
:EPFIs commit to implementing the EPs in their internal environmental and social policies, procedures and standards for financing projects and will not provide project finance or related loans to projects where the client will not, or is unable to, comply with the EPs.
 
:The EPs have greatly increased the attention and focus on social/community standards and responsibility, including robust standards for indigenous peoples, labour standards, and consultation with locally affected communities within the project finance market. They have also promoted convergence around common environmental and social standards. Multilateral development banks, including the European Bank for Reconstruction & Development, and export credit agencies through the OECD Common Approaches are increasingly drawing on the same standards as the EPs."
 
 
==See also==
*[[Due diligence]]
*[[Environmental concerns]]
*[[European Bank for Reconstruction and Development]]
*[[ESG investment]]
* [[Organisation for Economic Co-operation and Development]]  (OECD)
*[[Principles for Responsible Investment]]
*[[Project finance]]
*[[Risk management]]
*[[Social concerns]]
 
 
==External link==
[https://equator-principles.com/about/ The Equator Principles webpage]
 
[[Category:The_business_context]]

Revision as of 13:20, 20 August 2013

Tax charged on the value of goods and services bought and sold, rather than on net income or profits.

For example, VAT.


See also