The UK government’s limited recognition of the importance of tax compliance in its new national procurement policy is welcome. But we would like to see it go much further and explicitly require suppliers to demonstrate responsible tax conduct in order for them to win public contracts. Last week, the UK government released a statement on a new national procurement policy, …
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There is a lot happening in the world right now when it comes to public Country-by-Country Reporting (pCbCR). And the UK is well placed to be the next major economy to enact a pCbCR law and continue the push for worldwide corporate tax transparency. Businesses that report on a country-by-country basis disclose details about revenue, profit and taxes for each …
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Fair Tax Leaders features senior professionals from across the Fair Tax Mark accredited business community. Here, in a special edition of this series for Good Business Fortnight’s Fair Tax Friday, Leeds Building Society Director of Finance Operations Andrea Harrison discusses corporate governance reform, customer trust and being a mentor. Leeds Building Society are the fifth largest building society in the UK …
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As tax transparency continues to rocket, interest in Public Country-by-Country Reporting from businesses and legislators is growing. But multinationals might be unsure of how to take the first steps. A recent survey from the Global Reporting Initiative (GRI) found that even among those multinationals committed to tax transparency and adopting GRI 207 – the tax standard from the Initiative – …
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We are delighted to be partnering with the Good Business Charter and Leeds Building Society this Friday 14 February to celebrate Fair Tax Friday as part of Good Business Fortnight. This awareness-raising fortnight (3-14 February) organised by the Good Business Charter celebrates the efforts of businesses across the UK in championing responsible practices and making a positive impact on society …
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Big global surveys of tax and finance professionals are an excellent barometer of how people are feeling out there in the field at a time of unprecedented change. So it was great to see PwC’s latest polling on the subject of tax disputes around the world.
The professional services firm found an increase in tax inquiries from authorities over the past three to five years, with this trend set to continue.
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In this series for the Fair Tax Foundation, our accredited organisations tell us how the Fair Tax Mark has helped open opportunities or overcome challenges specific to their sector. Here, Mike Head, Director of Ethical Investors and Andrew Harper, Executive Director and Chief Responsibility Officer at Epworth Investment Management, discuss demonstrating ESG and standing out from the crowd. As we explored in …
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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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