Bayesian Shift secure Fair Tax Mark


Pioneering financial trading business Bayesian Shift have achieved their first Fair Tax Mark, adding another string to their bow of using finance for good.

Bayesian Shift bring together financial trader Mark Waddoups and machine learning expert Tennessee Hickling to use their trading skills to redirect profits to social causes.

Between 2019 and 2023, the business made more than £2mn in profits from trading, of which £520,000 has been redistributed to social impact organisations and a further £1mn is intended for future redistribution.

In 2023 Bayesian Shift pledged to invest in organisations on the Ethex platform, and towards the end of 2024 they invested in the Fair Tax Foundation’s community share offer on Ethex. Thanks to investors such as Bayesian Shift, we soared past our investment goal, raising £495,000 to grow our team and bring five times as many businesses into our fair tax movement.  

Having subsequently gone through our rigorous accreditation process, Bayesian Shift are now a welcome member of that fair tax movement, securing their first Fair Tax Mark.

“Bayesian Shift have a clear and comprehensive tax policy that’s displayed prominently on their website,”

said Jaime Boswell, Head of Accreditation at the Fair Tax Foundation.

“This, along with their robust tax rates and enhanced tax disclosures, means there can be no doubt of their commitment to tax responsibility and transparency, and we are delighted to award them the Fair Tax Mark.”

Mark Waddoups, Co-Founder of Bayesian Shift, said:

“We are extremely pleased to have been awarded the Fair Tax Mark. As a business focused on creating social impact, we believe that contributing fairly via tax is one of the most important methods of increasing social welfare. Achieving the Fair Tax Mark shows that our business aligns with our principles.”

The Fair Tax Mark is a valuable certification demonstrating the gold standard of responsible corporate tax conduct. It is assessed and awarded to businesses of many structures and sizes – from family-run coffee shops in the UK to energy giants across Europe.

 

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