US president Donald Trump’s intention to pull the US out of the OECD’s Global Minimum Tax (GMT) deal is bad news. But it by no means spells the end of the OECD GMT. In a presidential memo issued on Monday 20 January, Trump said he would recapture “our Nation’s sovereignty and economic competitiveness by clarifying that the Global Tax Deal …
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Fair Tax Foundation community share offer raise now close to 90% of £450,000 target The Fair Tax Foundation are pleased to announce we have received a £100,000 direct social investment commitment from Friends Provident Foundation. Previously, Friends Provident Foundation have provided grant support to kickstart Fair Tax Week and Fair Tax Councils in the UK. On 2 September 2024, we …
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The Fair Tax Foundation is pleased to announce we have received a £100,000 direct social investment commitment from charitable foundation the Joseph Rowntree Foundation (JRF).
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Founded a decade ago to help reverse the global race to the bottom on corporation tax, the Fair Tax Foundation[1] are aiming to level up our impact fivefold with a Community Share Offer unveiled today. Launching on social investment platform Ethex[2], the Community Share Offer will seek to raise £450,000 to allow the Fair Tax Foundation to embed tax justice …
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In a welcome move, the UK’s Labour Party has announced that, should it win the forthcoming general election, it would substantially boost the resources available to HMRC’s compliance unit and the pursuit of tax avoiders. They are pledging to recruit an additional 5,000 staff at a cost of £555mn per annum. But, given each compliance officer typically secures an additional …
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With half the world going to the polls in 2024, and ‘tax’ being a major issue at every single election, The Fair Tax Foundation’s Chief Executive Paul Monaghan sets out why politicians and policymakers need to question the lobbying of the Laffer Curve low-tax zealots. Tax justice makes solid progress The world is on the verge of an explosion of …
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Paul Monaghan. Chief Executive, Fair Tax Foundation, said: “We whole-heartedly welcome this U-Turn on corporation tax by the UK Government, which still leaves the UK with the lowest headline rate of corporation tax of the major economies of the G7 nations and the most generous “super deduction” capital allowance scheme in the world. The idea that turning the UK into …
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‘Corporate tax avoidance’ tops list of concerns, with disquiet at record high ‘Corporate tax avoidance’ has topped the UK public’s list of concerns for an astounding tenth consecutive year. Moreover, the level of disquiet is at a record high, with 47% citing it among their top three ethical concerns when questioned in May 2022 as part of the Institute for …
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By Paul Monaghan Fair Tax Foundation, Chief Executive Email Paul It’s a sad truth that the UK has been a global hub for illicit financial flows for decades, but there is an opportunity for this to change with today’s announcement of a pair of Economic Crime Bills. What has become known as the ‘London Laundromat’ contributes to suffering across the …
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The Fair Tax Foundation has co-ordinated the production of the following open letter to the UK’s Chancellor, Rishi Sunak – which has the support of numerous civil society groups, including the All-Party Parliamentary Group on Anti-Corruption and Responsible Tax, Tax Justice UK and Christian Aid. It calls on the UK to support the G-24 emerging economies in their request that …
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