Businesses Doing Corporate Social Responsibility to Lower Tax Rate

Abstract:

Corporate social responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. This is observed in many countries but the way it is understood and implemented differs greatly for each company and country. Corporate social responsibility is a very broad concept that addresses many and various topics such as human rights, corporate governance, health and safety, environmental effects, working conditions and contribution to economic development. CSR-related activities include charitable programs and projects; scientific research; youth and sports development; cultural and educational promotion; services to veterans and senior citizens; social welfare; environmental sustainability; health development; disaster relief assistance and employee and employer related Corporate Social Responsibility activities.

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