Globalance Footprint


The Tax Strategy score of this Portfolio is 64

Tax Strategy

The Globalance Footprint® shows you the impacts of these assets around the world - individually and at a glance. Our framework is simple and objective. Using nine themes, we assess your contribution to sustainable foundations for economic prosperity, the future viability of society and the preservation of our natural resources.


Tax Strategy


of this invested capital features an adverse footprint in Tax Strategy.


of this invested capital features a balanced footprint in Tax Strategy.


of this invested capital features a positive footprint in Tax Strategy.

What's at stake

Companies legitimately optimize their taxes worldwide. In some cases the pendulum has swung too far. In other words: tax avoidance strategies lead to certain companies paying no or almost no taxes. International organisations such as the OECD or the G-20 are looking for new international rules for a more sustainable corporate tax policy, such as global minimum tax rates for large corporations.

Tax Strategy Scores of your Assets


Portfolio Footprint Score


Data source: Globalance

Asset Name
Tax Strategy
Total Footprint
% of portfolio
Wintrust Financial Corporation10052430.0%
Winnebago Industries, Inc.10046420.0%
Winmark Corporation10062450.0%
Williams-Sonoma, Inc.10059680.0%
Westamerica Bancorporation10048400.0%

Why does it matter

Global Challenges

  • Too aggressive tax strategies lead to large tax losses for the countries concerned.

  • If fairer international rules of the game cannot be negotiated, globalization will be further challenged.

  • Political tensions in international organisations are increasing.

Global Goals

  • Appropriate tax payments by international corporations are accepted politically and socially as fairer.

  • An international consensus is emerging on how to treat digital business models with regard to taxes.

  • A consensus is emerging at international level on global minimum tax rates for companies.

Relevance for Investors

Tax optimization is not only a legal and economic but also a societal matter. From a sustainability perspective, it therefore makes more sense to lend a hand in a global reform of corporate taxation, also for reasons of global solidarity. Even Facebook boss Mark Zuckerberg announced during a visit to the EU that he would support the revision envisaged by the OECD and that in future he would pay more taxes in Europe. We are therefore only investing in companies that seek this balance and do not run the risk of becoming the target of controversy by acting too aggressively. In principle, we obtain data that document the regional distribution of taxes paid by all companies. This involves determining the size of the gap between the current actual distribution and the theoretical target distribution (according to turnover distribution and OECD rules). The larger the gap, the greater the risk of (expensive) controversy ("court of law versus court of public opinion"), the lower our score for tax strategy.

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