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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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 …
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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 …
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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 …
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