All Posts By

Paul Monaghan

We need a Fair Tax Lockdown on bailouts

Blogs

The UK Government, like many across the world, is making available unprecedented financial support for businesses and workers impacted by the Covid-19 economic lockdown. This is right and proper given the economic lockdown is being undertaken to lessen the impact of Covid-19 on society; in particular, in protection of the elderly and those with existing health conditions. The package of support includes: a Coronavirus Job Retention Scheme deferring VAT and Self-Assessment payments a Self-employment Income Support Scheme a Statutory Sick Pay relief package for small and medium sized businesses (SMEs) a 12-month business rates holiday for all retail, hospitality, leisure…

Read More

Responsible tax strategy and improved reporting earns Capita first Fair Tax Mark

News

Capita has today secured Fair Tax Mark certification and joins the growing movement of responsible businesses who are proud to say what they pay with pride. The Fair Tax Mark is an independent certification scheme, which recognises organisations that demonstrate they are paying the right amount of corporation tax in the right place, at the right time. In total, more than 50 businesses have now been certified. These include national brands such as Timpson, Lush, and Richer Sounds, FTSE listed companies including SSE and Marshalls Plc., as well as co-operatives, family businesses and social enterprises. As part of the accreditation…

Read More

Fair Tax Week 2020 announced – celebrating business who ‘say what they pay with pride’

News

The Fair Tax Mark scheme, which accredits businesses and organisations across the UK committed to paying the right amount of corporation tax, on time and in the right place, is pleased to announce that Fair Tax Week 2020 will run from the 13th – 21st June 2020, incorporating Tax Justice Sunday on the 14th June. Fair Tax Week 2020 will be co-sponsored by Leeds Building Society, Pennon Group Plc and Richer Sounds. Fair Tax Week is a UK-wide celebration of the companies and organisations that are proud to pay their fair share of corporation tax; those who commit to following…

Read More

Chris Harrop OBE joins Fair Tax Mark board

News

We are delighted to announce that Chris Harrop OBE has joined the Fair Tax Mark’s board of directors. Chris Harrop is Sustainability Director at FTSE-listed Marshalls plc. An accomplished marketer with a proven global track record, Chris’ persistent contribution has ensured that Marshalls not only leads the hard landscaping sector but is also a world-class sustainable business. Under Chris’ guidance, the business has won numerous awards for commitment to the environment and supply chain ethics, including Business in the Community Awards for Excellence and the PLC Awards on three occasions. Chris was Chairman of the United Nations Global Compact UK…

Read More

Fair Tax Mark’s 2019, and what’s next in 2020

Blogs, News

2019, another year of strong growth and innovation The Fair Tax Mark realised a number of landmarks in 2019, making it our most impactful year yet. A big thank you to all those in business and civil society who have done so much to help us grow our collective influence and reach. The number of Fair Tax certified businesses passed the ’50’ milestone in March, with the year seeing new certifications for FTSE-listed plcs (United Utilities,  Severn Trent and Eurocell), social enterprises (Suma Wholefoods, Southern Co-op, Community Leisure UK, Energy4All and VME Retail) and a range of private enterprises (Affinity…

Read More

Tax gap of Silicon Six over $100 billion so far this decade

News

The Fair Tax Mark will later this week release a new report, The Silicon Six and their $100 billion global tax gap, which examines the tax conduct of Facebook, Apple, Amazon, Netflix, Google and Microsoft over the last decade. The report questions whether the companies, collectively referred to as the ‘Silicon Six’, are paying their way on tax. Together they have a combined market capitalization of $4.5 trillion and are worth more than the 1,000 companies listed on the London Stock Exchange. The report finds that there is a significant difference between the cash taxes paid and both the expected headline…

Read More

Fair Tax Mark to go international

News

Research funding from Luminate to enable Fair Tax Mark to explore what ‘Fair Tax’ looks like outside the UK, and the scope for new standards that would enable businesses across the globe to be certified for the first time The Fair Tax Mark is growing robustly in the UK. More than fifty businesses have now been certified, with half of those advancing in the past eighteen months. They include FTSE-listed plcs, co-operatives, social enterprises and large private business – who between them have income of £50bn and over 7,000 offices and outlets. Supporting initiatives such as Fair Tax Week and…

Read More

Church groups assert ‘Tax Justice’ as a tenet of faith on Tax Justice Sunday

News

Church Action for Tax Justice (CATJ) is calling on people of every faith to come together and call on responsible businesses to ‘say what they pay with pride’, on Sunday 7 July 2019, Tax Justice Sunday, as a counter movement to initiatives like ‘Tax Freedom Day’ promoted by the Adam Smith Institute. The call comes as part of Fair Tax Week, and follows new polling conducted by ICM that has shown record levels of concern among the public about the use of tax avoidance practices by business in the UK. Over three quarters of people would rather shop with (77%)…

Read More

Renewable energy generator Energy4All makes Fair Tax Mark commitment on International Day of Cooperatives

News

Energy4All has today, Saturday 6th July 2019, International Day of Cooperatives and the first day of Fair Tax Week, been certified as a Fair Tax Mark business. Energy4All is a leading organisation in the development and delivery of community renewable energy schemes across the UK; helping people to benefit from clean, green energy they generate from wind, solar and hydro projects in their local area. Energy4All works with 25 local community energy co-operatives. Energy4All supports communities to develop innovative renewable energy projects, raise the funds those projects need to go forward, provide high-quality project managers to support the construction process and finally…

Read More

“Good” tax conduct needs to be an integral consideration of Government supply contracts

Blogs, News

This week, GMB Union has released research which calculates that Amazon has won £460million of public procurement contracts in the past four years. This is the same Amazon that the European Commission has recently ordered Luxembourg to recover unpaid taxes worth €250 million from, saying the country had granted Amazon’s European arm “undue tax benefit” by allowing it to shift profits to a tax-exempt shell company. Understandably, this led Dame Margaret Hodge MP and Andrew Mitchell MP – key leaders of the All-Party Parliamentary Group on Responsible Tax – to call for the UK Government to deprive such companies of…

Read More