Tax policy is a part of reputation, says former Rio Tinto head of tax Chris Lenon

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement


Tax policy is a part of reputation, says former Rio Tinto head of tax Chris Lenon

chris-lenon-small.jpg

In an interview with Salman Shaheen, Chris Lenon, former head of tax at Rio Tinto, who chaired the Tax Committee of the Business and Industry Advisory Committee to the OECD until last year, says that companies must pay attention to their reputation when it comes to tax policy

Lenon says that business needs to examine its tax policies to see how they will be perceived by consumers and the government. – "Tax policy is a part of corporate reputation now," Lenon said.

Common arguments in defence of corporate tax avoidance is that it’s legal and that it doesn’t take into account a company’s total tax contribution to society, but Lenon is not convinced.

"I don’t think the “it’s legal” argument is very strong – after all the law can be changed. The question is: how is it perceived? Does the planning meet the “spirit of the law”?," he said. "Total tax contribution is important, but I think that tax policy is also now important. Contribution alone may not be enough - look at how Starbucks is perceived."

Lenon believes there is an increasing appetite among multinational corporate tax directors to engage in the ethical issues of taxation such as tax justice.

"I don’t think that tax directors have a choice however reluctant or uncomfortable they may feel," Lenon said.  "Tax has become a major media story and companies need to be able to explain their tax policy and practice in a way which non tax experts and the public can understand."

 

Read the full interview on ITRPREMIUM

more across site & shared bottom lb ros

More from across our site

It was also a memorable night for Galicia, KPMG, Skadden and Pinheiro Neto, all of which scooped major awards at a gala ceremony in New York
The former Deloitte UK CEO earned a 45% raise in a year when 1,000 staff reportedly lost their jobs – and the pay gap is only getting bigger
In a seminal development for big law, the 95-year-old firm is set to cease operations after a series of high-profile partner departures
UK Chancellor John Healey extended a VAT cut, suspended tariffs, increased a bank surcharge and vowed to increase funding for HMRC
Kristine Riisberg warned that TP decisions can determine top-up tax exposure under pillar two, while global consensus over the rules remains unsettled
Both Germany’s NIS2 and the EU AI Act now determine whether a tax function can meet its obligations – and both can make management personally accountable
Originators, loan purchasers and securitisation vehicles may need to revisit servicing agreements and pricing after a key judgment narrowed the VAT credit management exemption
Opening doors for existing talent within Baker McKenzie and a desire for enhanced legal capabilities informed Ricardo Perera’s switch from KPMG
Boaz Goren’s move to the upstart PE-backed firm takes the number of senior UK tax professionals who have left EY this year to 13
The allegations against Deloitte Cyprus raise uncomfortable questions about how far the big four can distance themselves from misconduct at member firms
Gift this article