News

Leeds Building Society and Fair Tax Foundation champion Good Business Charter’s Fair Tax Friday

We are delighted to be partnering with the Good Business Charter and Leeds Building Society this Friday 14 February to celebrate Fair Tax Friday as part of Good Business Fortnight. This awareness-raising fortnight (3-14 February) organised by the Good Business Charter celebrates the efforts of businesses across the UK in championing responsible practices and making a positive impact on society …

Business sees surge in tax disputes around the world and inquiries to increase

Big global surveys of tax and finance professionals are an excellent barometer of how people are feeling out there in the field at a time of unprecedented change. So it was great to see PwC’s latest polling on the subject of tax disputes around the world.

The professional services firm found an increase in tax inquiries from authorities over the past three to five years, with this trend set to continue.

OECD Global Minimum Tax still very alive despite Trump attempts to throttle

US president Donald Trump’s intention to pull the US out of the OECD’s Global Minimum Tax (GMT) deal is bad news. But it by no means spells the end of the OECD GMT. In a presidential memo issued on Monday 20 January, Trump said he would recapture “our Nation’s sovereignty and economic competitiveness by clarifying that the Global Tax Deal …

Bayesian Shift secure Fair Tax Mark

Pioneering financial trading business Bayesian Shift have achieved their first Fair Tax Mark, adding another string to their bow of using finance for good. Bayesian Shift bring together financial trader Mark Waddoups and machine learning expert Tennessee Hickling to use their trading skills to redirect profits to social causes. Between 2019 and 2023, the business made more than £2mn in …

Repsol become largest tax contributor to secure Fair Tax Mark

Global energy company Repsol have been awarded the Fair Tax Mark, indicating their corporate tax conduct is operating at a gold standard. The Fair Tax Mark is a label demonstrating responsible corporate tax conduct. It is awarded by the Fair Tax Foundation, a trusted third-party accreditor, and is assessed on a set of high-bar criteria. Spanish multinational Repsol are the …

20Questions commit to responsible tax with first Fair Tax Mark

UK consultancy firm 20Questions have achieved their first Fair Tax Mark, demonstrating their commitment to responsible tax practices. 20Questions provide independent consultancy services for artificial intelligence in the drug industry, including drug discovery, drug design and cheminformatics. The Fair Tax Mark is the gold standard accreditation for responsible tax conduct and has been awarded to more than 250 distinct trading …

Fair Tax Mark sets multinationals up for success with public Country-by-Country Reporting

Public Country-by-Country Reporting (pCbCR) of financial and tax information by multinational enterprises is a hot topic in financial reporting right now. Businesses that report country by country disclose the profits and taxes they pay in each country they operate. Reporting this publicly and comprehensively is already a requirement for multinational businesses to become Fair Tax Mark accredited, but legislative and …