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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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Severn Trent secures Fair Tax Mark

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– Company reinforces its commitment to responsible tax conduct Severn Trent has today secured its first Fair Tax Mark certification, and joins the growing movement of progressive businesses who are proud to say what they pay with pride. Severn Trent is one of the UK’s largest water companies, providing water and sewerage services to more than 4.3 million homes and businesses in the Midlands. It becomes the third FTSE 100 listed organisation (alongside SSE and United Utilities) to have achieved Fair Tax Mark certification, and the seventh FTSE listed business. In preparing for the Fair Tax Mark, Severn Trent enhanced its…

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Suma Wholefoods co-op makes Fair Tax commitment

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Suma Wholefoods, the vegetarian foods and natural products wholesaler, has been certified as a Fair Tax Mark business. Suma is the largest equal pay worker co-op in Europe and has been operating from its base in Elland, West Yorkshire, for over 40 years. The co-op delivers over 7,000 products ranging from award winning biodegradable toothbrushes to vegan chocolate truffles and organic nuts and pulses, to businesses and communities across the UK and internationally. Over 200 staff run Suma; who are workers and co-owners receiving equal pay and having an equal say in the running of the business. Emma Robinson, Compliance…

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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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Community Leisure UK play fair on tax

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Community Leisure UK, the members’ association that specialises in representing non-profit-distributing leisure and culture trusts across England, Scotland and Wales, has been certified as an accredited Fair Tax Mark business, following their successful assessment against the Fair Tax Mark criteria. The association – whose members are registered charities, societies or CICs, operate everything from community swimming pools, gyms and sports pitches to libraries, museums, heritage buildings and children’s centres – has joined a growing movement of Fair Tax Mark organisations. Community Leisure UK now sit alongside FTSE-listed businesses like SSE, United Utilities and Marshalls; high-street names like The Co-op, Richer…

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Unity Trust Bank

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Unity Trust Bank is a commercial bank with a social conscience. Set up in 1984, its values were inspired by its shareholders to do good in society. Unity Trust Bank only lends to organisations that contribute towards wider economic, social or environmental benefit. As a business, it is constantly striving to find new opportunities to support. Unity Trust Bank is inspired by organisations that are built around being socially responsible within wider society; these can include charities, trade unions, social enterprises, credit unions and other organisations that operate in the not-for-profit sector as well as businesses with a ‘profit with…

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Eurocell open the door to Fair Tax Mark certification

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– Eurocell plc become latest London Stock Exchange listed business to secure Fair Tax Mark accreditation Eurocell, the UK’s leading manufacturer, distributor and recycler of UPVC window, door, conservatory and roofline systems, has been certified as an accredited Fair Tax Mark business, following their successful assessment against the Fair Tax Mark criteria. Derbyshire-headquartered Eurocell is the sixth listed business to achieve the Fair Tax Mark, and join FTSE 100 listed SSE and United Utilities, as well as FTSE 250 listed Pennon Group, Marshalls and Go Ahead. They sit alongside Fair Tax Mark certified high-street names like The Co-op, Richer Sounds,…

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United Utilities gains Fair Tax Mark as part of their commitment to responsible business

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Warrington-based United Utilities, the UK’s largest listed water company, has been certified as an accredited Fair Tax Mark business, following their successful assessment against the Fair Tax Mark criteria. United Utilities is the North West’s water company, providing water and wastewater services to 3 million homes and 200,000 businesses across the region. They join a growing list of organisations that have achieved the Fair Tax Mark, including fellow FTSE 100 company SSE, as well as high-street names like The Co-op, Richer Sounds, Timpson Group and Lush. The Fair Tax Mark is an independent certification scheme, which recognises organisations that demonstrate…

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Oxford is the first place to adopt the Councils for Fair Tax declaration

Launch of ”Councils for Fair Tax Declaration”, with Oxford City first to sign

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The Fair Tax Mark has announced that Oxford City Council is the first to sign up to its Councils for Fair Tax Declaration, which was launched today. The Declaration commits cities, towns and districts to pursuing exemplary tax conduct in their affairs, requires greater transparency from suppliers and calls on the EU and UK Governments to review legislation and support greater powers for the exclusion of tax dodgers from public procurement. There is a pressing need for action given research commissioned by the Fair Tax Mark from DatLab has discovered that 17.5% of UK public procurement contracts commissioned by local…

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Church groups assert ‘Tax Justice’ as a tenet of faith on Tax Justice Sunday

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Church Action for Tax Justice (CATJ) is calling on people of every faith to come together and call on responsible businesses to ‘say what they pay with pride’, on Sunday 7 July 2019, Tax Justice Sunday, as a counter movement to initiatives like ‘Tax Freedom Day’ promoted by the Adam Smith Institute. The call comes as part of Fair Tax Week, and follows new polling conducted by ICM that has shown record levels of concern among the public about the use of tax avoidance practices by business in the UK. Over three quarters of people would rather shop with (77%)…

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