MAAT issues a new paper entitled “Enhancement of legislations and procedures to advance corporate social responsibility”
The paper recommends the increase of tax exception limit addressed to social responsibility, along with demanding the corporate to the necessity to set a comprehensive view on the social role
The «Public Policy and Human Rights Analysis Unit» of Maat for Peace, Development and Human Rights issued a policy paper entitled ““Enhancement of legislations and procedures to advance corporate social responsibility”. This paper comes in the framework of the attention of the Unit to the recommendations that have been submitted to Egypt in light of the UPR and the position of the Egyptian government concerning these recommendations in light of the implementation of the “universal periodic review as a tool to improve public policy during the transitional period” project, funded by the European Union during 2016-2017. The Foundation has focused on highlighting the issue through offering legislative and procedural proposals and recommendations to the concerned parties on social responsibility to support them in assuming their role in the development of the Egyptian state.
The paper addressed via several axes an explanation to the social responsibility and relative international efforts, corporate social responsibility in Egypt, the constitutional, legislative and human rights contexts regulating corporate social responsibility towards the community, and the final axis addressed recommendations to advance corporate social responsibility.
The paper reached a set of recommendations led by the draft of a comprehensive legislation for corporate social responsibility regulating the companies spending according to the state plan to help in bridging the shortage in some sectors such as education and health.
The paper recommended the increase of tax exemption limit to 20% of the annual profits to be addressed to social activities via the amendment of art. 15 of the investment law and art. 23, point 8 of the tax on income law.
The paper demanded the corporate to the necessity to define a specific vision towards the social role to be adopted and the main cause to be focused on, along with dedicating an official to handle the activity, and determine the required goals and plans.
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