All Posts By

Paul Monaghan

Call for UK to support G-24 emerging economy proposals at OECD

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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 the OECD’s forthcoming global tax deal (that will be discussed again on Friday, 8th October) will be improved, to the benefit of both developed and developing world countries. If this is not done then there is a real danger that…

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Silicon Six end the decade with $100 billion tax shortfall

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In December 2019, the Fair Tax Foundation undertook a forensic analysis of the tax conduct of the Silicon Six (Facebook, Apple, Amazon, Netflix, Google and Microsoft) and uncovered a $100 billion global tax gap over the decade to date (which was then, 2010-18/19). In May 2021, this analysis was repeated for the ten years 2011 to 2020 inclusive, and it was discovered that the $100 billion tax gap is as enormous as ever. There is still a significant difference between the cash taxes paid and both the expected headline rate of tax and, more significantly, the reported current tax provisions….

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Westmill Wind Farm and Westmill Solar become first community energy co-operatives to secure Fair Tax Mark

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Oxfordshire-based Westmill Wind Farm and Westmill Solar Farm have today (10th November) secured their first Fair Tax Mark certifications, and join the growing movement of responsible businesses who are proud to ‘say what they pay with pride’. The two renewable energy co-operatives are co-located on agricultural land in Oxfordshire and pursued Fair Tax Mark certification in parallel. Westmill Wind Farm was the first 100% community owned onshore wind farm to be built in the south of England. Its five turbines came online in 2008 and produce low-carbon electricity equivalent to that used by over 2,500 households per annum. Westmill Solar…

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We need a Fair Tax Lockdown on bailouts

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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…

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

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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…

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

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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…

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Chris Harrop OBE joins Fair Tax Mark board

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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…

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

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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…

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

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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…

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Fair Tax Mark to go international

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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…

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