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
Summary of findings 137 EU public Country-by-Country reports sourced and analysed. The most extensive analysis published globally to date, to the best of our knowledge. Almost two-thirds (60%) of corporate pCbCR reports are good, solid attempts to implement legislation driven by the EU pCbCR Directive. However, in 7% of instances, business have opted to confine disclosures to EU designated tax …
Mitie Group plc has achieved Fair Tax Mark certification across all its operations, both in the UK and internationally. Mitie becomes the largest company – by colleague numbers – to secure accreditation to date. Mitie, the UK’s leading facilities management and transformation company, joins a growing movement of businesses who recognise the importance of responsible tax conduct. The Fair Tax …
Background In 2021, the EU public Country-by-Country Reporting (pCbCR) Directive came into force. This requires large multinational companies that have a substantial presence in Europe to publicly share key financial information on their operations in each EU Member State and a designated list of tax havens.1 In the main, the Directive will lead to major new corporate tax disclosures in …