Say what you pay with pride
Fair Tax Week (6-14 July) is a UK-wide celebration of the companies and organisations that are proud to pay their fair share of corporation tax, and an exploration of the positive contribution this makes to society.
Fair Tax Week embraces Tax Justice Sunday on 7 July, which is co-ordinated by Church Action for Tax Justice.
Margaret Hodge MP, Chair of the All-Party Parliamentary Group on Responsible Tax said: “The APPG on Responsible Tax is delighted to support Fair Tax Week and Tax Justice Sunday, together with the call for business to say what they pay in each and every country in which they operate. We hope to see Fair Tax Week and Tax Justice Sunday become an established part of the calendar, just like Fairtrade Fortnight and Living Wage Week, where organisations that do the right thing when it comes to tax are not only recognised but celebrated.”
It is estimated that £400bn of global corporate profits are shifted annually to tax havens, with corporate tax revenue losses in the UK of approximately £7bn per annum.
As Fair Tax Week approaches, we will start to publish events taking place during the week. Please check regularly or sign up for our newsletter. If you agree with the aims of Fair Tax Week then feel free to organise an event of your own and send us details – we’ll not only list your activity, but help promote it as well. You can let us know here.
Fair Tax Week will celebrate the companies and organisations that are seeking to do the right thing and are proud to pay their fair share of corporation tax – businesses that pay the right amount of corporation tax at the right time and in the right place, and who overtly shun the artificial use of tax havens and contrived tax avoidance practices. It will also celebrate and explore the positive contribution that Corporation Tax makes to society, and how this might be optimised.
Fair Tax Week has been developed by the Fair Tax Mark, with kind early-stage support from the Friends Provident Foundation and the Joffe Charitable Trust. It is now supported by SSE plc and Pennon Group plc, who have been respectively Fair Tax Mark certified since 2014 and 2018.
Susan Davy, Chief Financial Officer, Pennon Group, said: “We are delighted to co-sponsor Fair Tax Week 2019. The taxes we pay help fund vital public services, investment in people and investment in infrastructure to support future growth. The UK would not be the country it is without the tax contributions of business of all sizes, operating in all sectors. The attitude towards payment of taxes of a few companies has been a factor in a loss of public confidence in big business and we hope that Fair Tax Week can play a part in winning that trust back.”
Gregor Alexander, Finance Director, SSE said: “We’re proud to have been reaccredited with our fifth Fair Tax Mark and to see the growth of the organisation and, importantly, the tax debate, since we first achieved the independent kitemark in 2014. Utilities provide an essential service and it’s only right they hold themselves to high standards and we’re delighted to be co-sponsoring Fair Tax Week with Pennon, the most recent FTSE company to join the growing list of businesses placing importance on tax transparency.”