Just like the now-prolific buzzword it derives from – greenwashing – tax washing is where a company’s statements, disclosures or some form of communication when it comes to tax doesn’t provide a true picture in a way that can be misleading. In terms of tax disclosure, tax washing can sometimes be seen when businesses choose to report their total tax …
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On 19 April, at the European Parliament, co-hosted by MEP Paul Tang, CSR Europe and the Fair Tax Foundation will launch the Tax Responsibility and Transparency Index for multinational enterprises who wish to benchmark themselves against the best of the best – be that high-bar civil society voluntary standards or exemplar companies. The Tax Responsibility and Transparency Index has been …
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With the UK heading for a general election in the coming months, a coalition of social economy organisations, dubbed the Future Economy Alliance, is calling on government to include responsible taxation measures in a new Business Plan for Britain. Launched by the Alliance in parliament on 7 March, the plan sets out fixes to build a stronger, fairer, greener future …
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North Media A/S have gained the Fair Tax Mark, joining businesses across Europe accredited to the gold standard of responsible tax conduct. Listed on the Copenhagen Stock Exchange, North Media provide platforms and channels for businesses worldwide to communicate with consumers. Businesses in the group include FK Distribution and SDR, which reaches millions of households each week through print and …
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There is a growing understanding among investors that poor tax conduct is a red flag for an overly negative attitude to compliance in general, and also weak corporate governance. Tax controversies have preceded the financial difficulties of Credit Suisse, Thames Water, Adani and Glencore. In response to increasing approaches from institutional investors and asset managers, the Fair Tax Foundation has …
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The EU Council has removed four jurisdictions from its list of tax havens, reducing those it deems non-cooperative for tax purposes to just 12. By comparison, the Fair Tax Foundation’s tax haven listing details 72 jurisdictions, and a recent list issued by the Australian government earlier this month identifies 41. In an update this week, the EU Council announced Bahamas …
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Fair Tax Mark accredited businesses are proud to demonstrate they pay the right amount of corporate income tax at the right time and in the right place – following both the spirit and the letter of the law. The way they display the Fair Tax Mark and show their customers, clients and other stakeholders they are certified can be as …
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UK-based Westmorland Family has secured its first Fair Tax Mark accreditation…
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Proxy voting is an important tool in a shareholder’s toolkit and is increasingly being used to request tax transparency from companies worldwide. Last year’s proxy season yet again saw a record number of shareholder proposals targeting social issues such as responsible tax, human and digital rights, and diversity and inclusion, asset manager Federated Hermes’ stewardship arm EOS noted in its …
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We’re pleased to share that Fair Tax Week 2024 will take place from 9th – 16th June, incorporating Tax Justice Sunday on 9th June. The awareness week will recognise and celebrate the progressive businesses and organisations committed to responsible tax conduct and financial transparency. Through social media and online activity, Fair Tax Week will highlight corporation tax as a critical …
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