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Vedanta’s Tax Transparency Report – A Testament to Governance and Integrity

In the present-day world of business, companies need to prioritise corporate tax transparency to demonstrate their ethical business practices. Also, the governments rely on fair tax contributions to fund public services and infrastructure

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Vedanta’s Tax Transparency Report – A Testament to Governance and Integrity

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  1. Vedanta’s Tax Transparency Report – A Testament to Governance and Integrity

  2. INTRODUCTION In the present-day world of business, companies need to prioritise corporate tax transparency to demonstrate their ethical business practices. Also, the governments rely on fair tax contributions to fund public services and infrastructure. Yet, many multinational corporations divert profits to low-tax jurisdictions, depriving developing economies of essential revenues. In regard to this, Vedanta Limited stands apart.

  3. Setting the Record Straight: Vedanta and the Tax Evasion Allegations Even though the strong tax record of Vedanta is accessible to the public and is well documented, there are some false claims related to Vedanta tax evasion, which the company has countered with the highest level of professionalism. Further, these allegations are made with the purpose of harming the company’s reputational image and lack authentic evidence. SOUERCE URL:-https://vedantacases.com/vedanta-tax-transparency-report/

  4. Vedanta’s Last Year Tax Contribution According to Vedanta’s latest Tax Transparency Report, in FY25, the company paid INR 55,349 crore in total tax contributions, accounting for almost 38% of its consolidated turnover. The report also points out Vedanta Tax contribution over the past decade to the tune of 4.5 lakh crore. The tax contributions were made in the form of both direct and indirect tax payments, distributed across the company’s verticals, including zinc, oil & gas, steel, aluminium, and power.

  5. Final Words In an era where several companies get involved in unethical business practices to save tax, there are companies like Vedanta whose transparent approach makes them a visionary. The company’s record-breaking tax contributions, backed by a strong rebuttal of unfounded Vedanta tax evasion allegations, mark it as a model for other conglomerates. Along with the Indian government supporting the development of states through tax collection, Vedanta also plays a leading role in uplifting the standard of living of people. Through large-scale industrialization, sustainable development and job creation, the group creates an environment conducive to economic growth in rural areas.

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