Ethical Screening Ltd and Ethical Investors Ltd have announced that they are joining a growing list of organisations that have achieved the Fair Tax Mark, putting them alongside AMT Coffee, Lush, The Co-op, Ecology Building Society, Richer Sounds, Timpson and SSE.
Michael Head, Managing Director of Ethical Screening, said: “We are delighted to have obtained a top score and the Fair Tax Mark, as a business we have always recognised the importance of fulfilling our tax obligations fully. Our message to other businesses would be: why wouldn’t you? We will be displaying our Fair Tax Mark with pride and would encourage any other like-minded businesses to apply.”
Paul Monaghan, Chief Executive, Fair Tax Mark said: “We are delighted to announce that Ethical Screening and Ethical Investors were certified during the UK’s first Fair Tax Fortnight. The companies have an outstanding approach to fairness and transparency, and have delivered over and above what we require to achieve the Fair Tax Mark.
“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.
Ethical Screening Ltd began life in 1997 and was established as an independent company in 1998. It undertakes research and analysis into those non-financial aspects of corporate activity that concern the ethical investor, and enable them to invest according to their principles.
Since 1989, Ethical Investors has been one of the UK’s pioneers of ethical financial advice on ethical, socially responsible and environmental investment. It also committed to developing the ethical investment market and to ensuring that financial products such as ethical pensions, ethical ISAs and ethical investment funds meet the financial and ethical needs of their clients.
In becoming Fair Tax Mark businesses they further boost the number of Fair Tax 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.