Proxy voting is an important tool in a shareholder’s toolkit and is increasingly being used to request tax transparency from companies worldwide. Last year’s proxy season yet again saw a record number of shareholder proposals targeting social issues such as responsible tax, human and digital rights, and diversity and inclusion, asset manager Federated Hermes’ stewardship arm EOS noted in its …
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We’re pleased to share that Fair Tax Week 2024 will take place from 9th – 16th June, incorporating Tax Justice Sunday on 9th June. The awareness week will recognise and celebrate the progressive businesses and organisations committed to responsible tax conduct and financial transparency. Through social media and online activity, Fair Tax Week will highlight corporation tax as a critical …
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In a working paper released this week, The Global Minimum Tax and the taxation of MNE profit, the OECD has updated their impact assessment of the Global Minimum Tax (GMT) – which seeks to ensure that large multinational enterprises with revenues above EUR 750 million are subject to a 15% effective minimum tax rate regardless of where they operate. They …
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Westminster City Council is one of almost 60 UK local authorities to have signed up as a Fair Tax Council, and stands out on account of its additional pledge to tackle dirty money in the locality. The London council’s efforts have now gone so far as to potentially influence national policy, securing a commitment from the Shadow Treasury team to …
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Fortum’s announcement Fortum has been accredited with the international Fair Tax Mark, becoming the first Finnish company to secure accreditation to the global gold standard of responsible tax conduct. The independent, third-party accreditation confirms Fortum’s long term commitment to responsible tax management, financial transparency, and following the spirit and letter of the law. “We are delighted to receive the Fair …
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NATS, formally National Air Traffic Services, has secured its first Fair Tax Mark accreditation, and joins the global movement of businesses committed to responsible tax conduct. The leading provider of air traffic control services in the UK, NATS often handles over 2.5 million flights and 250 million passengers each year. Operating beyond the UK, the business also offers services to …
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The Ipsos Global Trustworthiness Monitor reported in 2023 that less than a third of the global public trust business leaders to ‘tell the truth’ (30%) or ‘generally behave in an ethical way’ (29%) - albeit trust levels vary widely across the 21 countries surveyed. Given this lack of trust, independent third-party verification is crucial for enhancing credibility of corporate claims …
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Our friends at the UK Anti-Corruption Coalition (UKACC) have today released polling results on Britain's role in tackling economic crime in its offshore financial centres. It comes as British Overseas Territories* representatives arrive in London for a key meeting, which is set to include a discussion on public registers of beneficial ownership. At first glance it may not seem obvious …
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In various regions around the globe, there is a growing inclination to support businesses that exhibit responsible tax conduct – a trend that is on par with other ethical considerations. There is a profound desire to celebrate and champion those businesses that pay their rightful share of taxes while openly rejecting the use of tax havens and contrived tax avoidance …
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Carbon emissions, plastics use, equality and diversity – all familiar terms to any sustainability or ESG professional. But responsible tax conduct? Despite being a vital contribution made by any business, relatively few companies talk with pride about paying tax fairly and transparently.
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