Fair Tax Mark businesses know that paying the right amount of tax, in the right place, at the right time, has an enormous positive social impact. Tax contributes to vital public services such as healthcare, transport, policing, education and defence. And, if tax avoidance rules are well crafted and properly implemented, businesses can compete efficiently and add to economic prosperity. …
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Ethical mortgage adviser WR Ethical have achieved their first Fair Tax Mark. The UK-based business helps customers find the best deals, informing them about the ethical and environmental performance of lenders. They are a whole-of-market mortgage broker committed to making the right choices with every aspect of how the business is run. The Fair Tax Mark is a label indicating …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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, …
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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 …
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