Businesses demonstrating responsible tax practices should be recognised and celebrated, and any global race to the bottom on corporate income tax resisted.
The challenge we face is enormous, but so is the potential for change. Across the globe, 36% of multinational profits (US$1trn) are artificially shifted to tax havens each year, leading to a US$226bn reduction in corporate tax revenue. The developing world is particularly vulnerable to such tax dodging. The UK alone is suffering from a staggering £71bn of profit shifting, leading to an estimated £14bn annual reduction in corporate tax revenues.
Our progressive corporate community began in the UK and has grown to embrace businesses headquartered in Denmark, Germany, Finland, Italy, Spain, Sweden and the Netherlands.
Fair Tax Mark certification has now been secured by 270 businesses, which together employ more than 400,000 people and contribute a massive £5.3bn / €6.1bn / $6.5bn annually in corporate tax worldwide.
We believe the more businesses that stand up for responsible tax conduct, the more likely legislators are to create better laws, and the more likely regulators are to implement those laws robustly.
Since the founding of the Fair Tax Foundation:
Responsible businesses are proud to pay their fair share of tax and care about what they receive in return. Fair Tax Mark businesses are showing what is possible, leading the way and helping end the global race to the bottom on tax.
Please donate now to support us in this mission.
* Source: Atlas of the Offshore World, November 2024
** Source: Office for National Statistics. Years 2013/14 to 2023/24
Fair Tax Leaders features senior professionals from across the Fair Tax Mark business community. In this special edition for Fair Tax Week, the Watches of Switzerland Group Head of Tax Becky Hurford shares her journey to a career in tax, why she's so glad the tax landscape has changed and how the Fair Tax Foundation helped her prepare public Country-by-Country Reporting. …
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"At EarthMind CIC, responsible taxation goes hand in hand with our mission. We’re dedicated to making timely and complete contributions that support transparency and the communities we serve.” EarthMind CIC have secured their first Fair Tax Mark label. They are a UK-based not-for-profit social enterprise, which reinvests resources into sustainability initiatives that strengthen communities. From green spaces to food aid …