Earl Shilton Building Society has announced that it joins a growing list of organisations that have achieved the Fair Tax Mark, putting them alongside AMT Coffee, The Co-op, Richer Sounds, Timpson and Unicorn Grocery.
Earl Shilton was founded over 160 years ago – members paid their first subscriptions on 3rd January 1857. It aims to provide simple to understand financial service products to meet members’ needs.
Neil Adams, Finance Director of Earl Shilton Building Society, said: “Earl Shilton Building Society has always paid its fair share of tax and considers that taxation in all its forms is an important contribution to the wider community and society in general.
“The Fair Tax Mark helps us demonstrate that we pay the right amount of corporation tax and are transparent about our tax affairs. The Fair Tax Mark Limited is a not-for-profit Community Benefit Society and throughout the whole process their assessment helped us improve our tax disclosures in our annual report.”
Paul Monaghan, Chief Executive, Fair Tax Mark said: “We are delighted to announce that Earl Shilton Building Society were accredited during the UK’s first Fair Tax Fortnight. It’s great to have one of the country’s longest established building societies secure a Fair Tax Mark, the principles of which resonate so strongly with the heritage of mutuality.
“Too often, tax makes the headlines for all the wrong reasons. There is an almost daily stream of stories of evasion and aggressive avoidance – which not only distort our economy but also undermine the opportunity for business to compete fairly. It is estimated that €600bn of corporate profits are annually shifted to tax havens, with corporate tax revenue losses globally of €200bn per year – which equates to approximately £7bn of missing revenues in the UK.
In becoming a Fair Tax Mark business they further boost the number of Fair Tax shopping opportunities for consumers across the UK, which includes supermarkets, banking, phone and broadband provision, coffee, travel services and pharmacies. You can find these businesses at www.fairtaxmap.com which enables you to opt for companies paying their fair share.