Widening inequality society due to digitalization, further exacerbated by the COVID-19 pandemic, is one of the few major issues in our globalized world. For the first time within the context of internationally agreed development goals, the 2030 Agenda includes targets to reduce inequality based on income (World Social Report 2020). Yet, in addressing these issues, companies are worried about the tax burden, which is one of the major problems of good governance and finance. So, companies need to establish a good corporate governance to play strong role for sustainable growth and contributing responsibly to the global society.
The system by which companies are directed and controlled is called corporate governance (Cadbury Report (1992). Similarly, tax governance is the "cost to be managed" such as ROE improvement, tax risk and etc. Adhering to certain ESG and SDGs goals also helps to attract stakeholders who are paying closer attention to those metrics while making investment decisions. As a result, the current corporate governance code now also considers ESG and SDG goals while measuring corporate value evaluation of multinational companies.
To ensure a fair tax burden, multinational companies need to first secure financial resources, and second have a good corporate governance and tax system to adapt taxpayers' attitudes and behaviors. In other words, tax governance is going to continue to need reform.
Not only in Japan, but taxes are effective of redistributing wealth and correcting disparities through the redistribution of income. If a well-balanced tax system and appropriate tax payment and tax information are disclosed by companies, its corporate value might be increased. It will become a good circulation system that will greatly contribute to the sustainable society in the future.
In this paper, we examined how companies are practicing the tax payment and effectiveness of redistributing wealth with a point of view of good governance and sustainable society.


SAKAI Shoko† and KANDEL Bishwa Raj‡*
†Faculty of management and economics, Kaetsu University, 2-8-4, Kodaira Hanakoganei　minamicho, Tokyo, 187-0003, Japan
‡ Faculty of Global Governance and Collaboration, Nagoya University of Foreign Studies 57 Takenoyama, Iwasaki, Nisshin Aichi 470-0197 Japan
* Corresponding author (bishwa@nufs.ac.jp)