Asset manager engagement on responsible tax conduct is well and truly on the rise, with firms extending their programmes, digging deeper and filing shareholder resolutions. The importance of tax as an issue for ESG investors cannot be overstated. Vanderbilt Law Review recently dedicated a whole paper to it, The Missing “T” in ESG, which spells out the paradox of low …
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In this new 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. First up is the UK cleaning sector, where Clean For Good Managing Director Charlie Walker discusses the benefits of tax transparency in a sector often known for poor working conditions. …
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Fair Tax Leaders features senior professionals from across the Fair Tax Mark accredited business community. Here, Peter Ledermann, Executive Board Member at Unite, shares his insights into responsible tax conduct. In 2022 Unite became the first German multinational to gain the Fair Tax Mark. Based in Leipzig and active in 12 European countries, Unite connects buyers and suppliers through a …
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Arup Group have gained the Fair Tax Mark, joining progressive multinationals across Europe accredited to the gold standard of responsible tax conduct. Assessed against our Global Multinational Business Standard, Arup Group have demonstrated they pay the right amount of tax, in the right way, in line with their Tax Strategy. The independent, third-party accreditation confirms Arup Group’s commitment to following …
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Tax avoidance has changed from being taught to being actively shunned. This shift in attitude can be seen right across all sections of society, from policymakers to investors to business leaders – and, not least, in public opinion. For Fair Tax Week this year our latest polling results show the UK public are committed to celebrating businesses that explicitly reject …
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Fair Tax Week (9-16 June 2024) is a chance for organisations to celebrate responsible tax conduct and this year it comes at a critical juncture. In a historic election year where more than two billion people in 50 countries will head to the polls, governments around the world are making crucial decisions on how to tax their citizens and businesses. …
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Industry leaders, senior academics and top policymakers will convene at the second Conference on Tax Transparency this December for a joint event from Norwegian Centre for Taxation at NHH Norwegian School of Economics, the Fair Tax Foundation and TRR 266 Accounting for Transparency. Taking place on campus in Bergen on 3 December 2024, attendees will hear from high-level speakers and …
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Like tax washing, where communication on certain issues is selected in a way that is misleading, tax cloaking is where some information is not presented at all. For example, it may seem obvious that a business choosing to publish their financial statements would publish them in full, but many do not. Sometimes only a consolidated or abbreviated version is available …
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Enhanced metrics inspired by the Fair Tax Foundation have helped Fair Tax Mark accredited businesses flourish in this year’s Økonomisk Ugebrev Tax Governance Rating. The Danish publication recently released their 2024 rankings, which score companies on their responsible tax conduct. Fair Tax Mark business Ørsted took the top spot for Danish large caps, along with Vestas, with 12 points out …
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After 12 months of consultation and development, stakeholders from civil society, business and investment came together on 19 April at the European Parliament in Brussels for the launch of the Tax Responsibility and Transparency Index. The Index has been co-developed by the Fair Tax Foundation and leading European corporate responsibility business network CSR Europe and acts as a high-bar benchmark …
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