Six of the world’s largest technology companies have paid rates of corporate income tax well below headline tax rates around the world, a new report from the Fair Tax Foundation has found. The report, The Silicon Six and their enduring global tax gap, examines the tax conduct of the Silicon Six (Alphabet/Google, Amazon, Apple, Meta/Facebook, Microsoft and Netflix) over the …
Read More
Nordic energy company Fortum have decided to publish their score in the Tax Responsibility and Transparency Index, revealing a high ranking and score of 74/100. The Tax Responsibility and Transparency Index is a benchmarking tool for multinational companies developed by the Fair Tax Foundation and CSR Europe. It assesses businesses in five key areas of tax conduct and is a …
Read More
We’re delighted to announce this year Fair Tax Week will take place 8-15 June. Tax Justice Sunday will be on the first Sunday, 8 June. Fair Tax Week is an annual awareness-raising week where organisations that are certified with the Fair Tax Mark label will share why they value responsible corporate tax by holding events, publishing thought leadership and posting …
Read More
UK-based Lawsons Group have become the first building materials merchant to be awarded the Fair Tax Mark, signalling they have reached the gold standard of responsible tax conduct. Established in 1921, Lawsons have a rich history as a family business, expanding their product range to become the largest independent timber, building materials and fencing merchant in London and the southeast …
Read More
Fair Tax Leaders features senior professionals from across the Fair Tax Mark business community. Here, Ørsted Head of Tax Pernille Nygaard Rasmussen shares how to bring key parts of your business on board with tax transparency and why mutual trust is so important for creating fair tax systems. Ørsted are a global leader in offshore wind and one of the …
Read More
The British Virgin Islands have, after much delay and prevarication, drafted proposals for access to their database of corporate beneficial ownership. However, their current proposal is woefully inadequate. We would like to see the British Virgin Islands significantly enhance transparency and improve access to their beneficial ownership register. Last week, we submitted a response to the government of the Virgin …
Read More
The UK government’s limited recognition of the importance of tax compliance in its new national procurement policy is welcome. But we would like to see it go much further and explicitly require suppliers to demonstrate responsible tax conduct in order for them to win public contracts. Last week, the UK government released a statement on a new national procurement policy, …
Read More
There is a lot happening in the world right now when it comes to public Country-by-Country Reporting (pCbCR). And the UK is well placed to be the next major economy to enact a pCbCR law and continue the push for worldwide corporate tax transparency. Businesses that report on a country-by-country basis disclose details about revenue, profit and taxes for each …
Read More
Fair Tax Leaders features senior professionals from across the Fair Tax Mark accredited business community. Here, in a special edition of this series for Good Business Fortnight’s Fair Tax Friday, Leeds Building Society Director of Finance Operations Andrea Harrison discusses corporate governance reform, customer trust and being a mentor. Leeds Building Society are the fifth largest building society in the UK …
Read More
As tax transparency continues to rocket, interest in Public Country-by-Country Reporting from businesses and legislators is growing. But multinationals might be unsure of how to take the first steps. A recent survey from the Global Reporting Initiative (GRI) found that even among those multinationals committed to tax transparency and adopting GRI 207 – the tax standard from the Initiative – …
Read More
