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 …
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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 …
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Fair Tax Leaders features senior professionals from across the Fair Tax Mark accredited business community. Here, Vattenfall’s Head of Tax, Anders Tegelberg, sets out how collaboration has brought the tax and sustainability teams together and helped build Vattenfall’s status as a fair tax exemplar. The first business to be accredited against the Fair Tax Mark Global Multinational Business Standard, Vattenfall …
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Global energy company Repsol have been awarded the Fair Tax Mark, indicating their corporate tax conduct is operating at a gold standard. The Fair Tax Mark is a label demonstrating responsible corporate tax conduct. It is awarded by the Fair Tax Foundation, a trusted third-party accreditor, and is assessed on a set of high-bar criteria. Spanish multinational Repsol are the …
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Fair Tax Leaders features senior professionals from across the Fair Tax Mark accredited business community. Here, Unity Trust Bank CFO Penny Hogan reflects on 10 years of being Fair Tax Mark accredited, how she would encourage other businesses to apply for the Mark and the importance of the G in ESG. Unity Trust Bank are a specialist bank for social economy …
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UK consultancy firm 20Questions have achieved their first Fair Tax Mark, demonstrating their commitment to responsible tax practices. 20Questions provide independent consultancy services for artificial intelligence in the drug industry, including drug discovery, drug design and cheminformatics. The Fair Tax Mark is the gold standard accreditation for responsible tax conduct and has been awarded to more than 250 distinct trading …
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Public Country-by-Country Reporting (pCbCR) of financial and tax information by multinational enterprises is a hot topic in financial reporting right now. Businesses that report country by country disclose the profits and taxes they pay in each country they operate. Reporting this publicly and comprehensively is already a requirement for multinational businesses to become Fair Tax Mark accredited, but legislative and …
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Propelling us into the next phase of our ambitious growth plans for the Fair Tax Mark label We are thrilled to announce that investors, both big and small, have responded passionately to the community share offer we launched in September, ensuring that the future is bright for the Fair Tax Foundation’s ambitious expansion plans and our mission to end the …
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Railway infrastructure organisation Network Rail have achieved their first Fair Tax Mark accreditation, demonstrating the company’s commitment to responsible tax conduct. Network Rail own, develop and repair the railway infrastructure in England, Scotland and Wales, which comprises 20 of the largest stations; 20,000 miles of track; 30,000 bridges, tunnels and viaducts; and thousands of signals, level crossings and stations. They …
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Fair Tax Leaders features senior professionals from across the Fair Tax Mark accredited business community. Here, Mundys Head of Tax Affairs Giuseppe Natali discusses the importance of data and the increasing interest in responsible tax from investors. Founded in 1950, Mundys have operative companies across the world in the highways, airport infrastructure and mobility services sectors. They were the first Italian multinational …
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