Please note, the consultation has now ended. Our Global Multinational Business Standard was launched in November 2021.
Public consultation on the core requirements of future global standards
We have published ‘The Essential Elements of Global Corporate Standards for Responsible Tax Conduct’ – which tracks and analyses the many responsible tax initiatives that are now in play across the world, with a view to influencing and guiding the Fair Tax Mark’s consideration of a new suite of international standards that is now under development. These would enable the Fair Tax certification of businesses that have their ultimate holding company situated outside of the UK.
We invite comment on our analysis and conclusions. In particular, if we have omitted consideration of workstreams of which we were ignorant – especially outside of Europe. We have previously shared an earlier version of this Report with a range of civil society organisations, and incorporated feedback as warranted. We are now eager to receive a broader suite of feedback, not least from the business sector.
The ‘internationalisation’ of the Fair Tax mark is considered to be desirable given:
The focus of our analysis is corporate income tax, and related measures that are designed to tackle the avoidance of this (such as digital services taxes). Businesses are subjected to many different types of tax, but Corporation Tax has an importance way beyond the revenues it raises. As argued by the Tax Justice Network: “It holds the whole tax system together. It curbs political and economic inequalities and helps rebalance distorted economies.”
We are seeking feedback in two ways:
Responses can be provided openly or in confidence.
Webinar sessions were run to cover different geographic areas:
The research underpinning this report was kindly supported by a grant from Luminate.
The deadline for formal feedback was Wednesday 30th September 2020 though we’re always interested in comments and questions (via our usual contact email) on this project as it progresses.
You can read our report and proposals, and provide structured feedback by emailing us.
UK-based consultancy Talieisin have been awarded their first Fair Tax Mark, demonstrating their commitment to responsible corporate tax conduct. Talieisin are a specialist defence technology consultancy that work with organisations operating at the forefront of national security and technological innovation. In a sector where trust and integrity are essential, the company have established a reputation for delivering expert advice and …
Cavetta Consulting have become the first Scottish-based capital allowances firm to secure the Fair Tax Mark, leading by example in a sector often seen to unfairly maximise tax planning. As specialist tax advisers, Cavetta Consulting primarily provide consultancy services in relation to capital allowances, helping clients identify and claim tax relief on qualifying property expenditure as well as land remediation …
Many issues have become sucked into the culture wars that now dominate UK politics, but the belief that the UK government should do more to encourage ‘responsible corporate tax conduct’ continues to enjoy strong support right across the political spectrum. The Fair Tax Foundation have undertaken annual research on the UK public’s attitudes toward corporate tax conduct for a decade …
