Jupiter Fund Management plc has today been awarded the Fair Tax Mark, and becomes the first global fund manager to secure accreditation to the gold standard of responsible tax conduct.
Jupiter is a specialist, high conviction, active asset manager with assets under management of £48.8bn as of 30 June 2022. Jupiter is headquartered in London with offices in 12 worldwide locations across Europe, Asia and the USA.
The Fair Tax Mark accreditation scheme is the global gold standard of responsible tax conduct. It seeks to encourage and recognise organisations that pay the right amount of corporation tax at the right time and in the right place. Tax contributions are a vital part of the broader social and economic contribution made by businesses, helping the communities in which they operate to deliver valuable public services and build infrastructure that paves the way for growth. Accredited businesses include listed PLCs, co-operatives, social enterprises and large private businesses.
As part of the accreditation, Jupiter has published a detailed country-by-country breakdown of their financial performance, and includes taxes paid in each jurisdiction. They have also published a comprehensive tax strategy that commits them to following the spirit, as well as the letter, of the law and can confirm compliance with this.
Wayne Mepham, Chief Finance Officer said “Jupiter is proud of our tax strategy and approach to tax governance and risk management. Our responsible tax conduct underpins our commitment to society to pay the right tax at the right time and in the right place. The accreditation by the Fair Tax Foundation is testament to our commitment to do the right thing in relation to our tax conduct and how we seek transparency of our tax affairs for the benefit of our clients and other stakeholders.”
Paul Monaghan, Chief Executive, Fair Tax Foundation, said: “Jupiter Fund Management is an exemplar of financial transparency and tax disclosure. They provide a comprehensive country-by-country breakdown on their income, profits and associated taxes paid. There is also commendable commitment to follow the spirit as well as the letter of the law, and conformation that their tax policies are adhered to. Jupiter rightly take real pride in the contribution their tax makes to society, and long may it continue .”