Paul Monaghan, Author at Fair Tax Foundation

Latest analysis of corporate compliance with EU pCbCR Directive: 60% of business perform well, but US and Swiss multinationals are laggards

July 1, 2025 |

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Summary of findings 137 EU public Country-by-Country reports sourced and analysed. The most extensive analysis published globally to date, to the best of our knowledge. Almost two-thirds (60%) of corporate pCbCR reports are good, solid attempts to implement legislation driven by the EU pCbCR Directive. However, in 7% of instances, business have opted to confine disclosures to EU designated tax …

EU public Country-by-Country Reporting Directive takes early effect in Romania: implementation differs greatly across business

June 10, 2025 |

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Background In 2021, the EU public Country-by-Country Reporting (pCbCR) Directive came into force. This requires large multinational companies that have a substantial presence in Europe to publicly share key financial information on their operations in each EU Member State and a designated list of tax havens.1 In the main, the Directive will lead to major new corporate tax disclosures in …

EarthMind CIC secures first Fair Tax Mark

June 2, 2025 |

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"At EarthMind CIC, responsible taxation goes hand in hand with our mission. We’re dedicated to making timely and complete contributions that support transparency and the communities we serve.” EarthMind CIC have secured their first Fair Tax Mark label. They are a UK-based not-for-profit social enterprise, which reinvests resources into sustainability initiatives that strengthen communities. From green spaces to food aid …

Tax has an enormous social impact – so where’s the reporting?

May 20, 2025 |

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Fair Tax Mark businesses know that paying the right amount of tax, in the right place, at the right time, has an enormous positive social impact. Tax contributes to vital public services such as healthcare, transport, policing, education and defence. And, if tax avoidance rules are well crafted and properly implemented, businesses can compete efficiently and add to economic prosperity. …

OECD Global Minimum Tax still very alive despite Trump attempts to throttle

January 21, 2025 |

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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 …

Well-resourced tax authorities crucial to closing the tax gap

April 8, 2024 |

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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 …

Beware the pseudo-science of low-tax zealots

March 4, 2024 |

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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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