News

London leaders line up to champion UK Fair Tax Councils Declaration

The past two years have seen a surge in support for the Councils for Fair Tax Declaration across Greater London, with Hackney Council and Mayor Sadiq Khan the latest to give their backing. It puts Greater London further into pole position as the UK’s number one regional municipal champion of responsible tax conduct. More than a third of London boroughs …

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SqueakFix Ltd commit to responsible tax conduct with first Fair Tax Mark

SqueakFix Ltd have earned their inaugural Fair Tax Mark accreditation, aligning with other forward-thinking businesses dedicated to responsible tax conduct. Based in Manchester, UK, and operating nationally, SqueakFix Ltd specialise in removing chronic floor noises, squeaks and creaks in houses through a highly-developed system. Using in-house installers, the small team also offer acoustic and thermal insulation to make houses quieter …

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Well-resourced tax authorities crucial to closing the tax gap

In a welcome move, the UK’s Labour Party has announced that, should it win the forthcoming general election, it would substantially boost the resources available to HMRC’s compliance unit and the pursuit of tax avoiders. They are pledging to recruit an additional 5,000 staff at a cost of £555mn per annum. But, given each compliance officer typically secures an additional …

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What is tax washing?

Just like the now-prolific buzzword it derives from – greenwashing – tax washing is where a company’s statements, disclosures or some form of communication when it comes to tax doesn’t provide a true picture in a way that can be misleading.   In terms of tax disclosure, tax washing can sometimes be seen when businesses choose to report their total tax …

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Tax Responsibility and Transparency Index to launch at European Parliament

On 19 April, at the European Parliament, co-hosted by MEP Paul Tang, CSR Europe and the Fair Tax Foundation will launch the Tax Responsibility and Transparency Index for multinational enterprises who wish to benchmark themselves against the best of the best – be that high-bar civil society voluntary standards or exemplar companies. The Tax Responsibility and Transparency Index has been …

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Fair tax proposals included in new Business Plan for Britain

With the UK heading for a general election in the coming months, a coalition of social economy organisations, dubbed the Future Economy Alliance, is calling on government to include responsible taxation measures in a new Business Plan for Britain. Launched by the Alliance in parliament on 7 March, the plan sets out fixes to build a stronger, fairer, greener future …

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Beware the pseudo-science of low-tax zealots

With half the world going to the polls in 2024, and ‘tax’ being a major issue at every single election, The Fair Tax Foundation’s Chief Executive Paul Monaghan sets out why politicians and policymakers need to question the lobbying of the Laffer Curve low-tax zealots. Tax justice makes solid progress The world is on the verge of an explosion of …

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Danish multinational North Media secure first Fair Tax Mark

North Media A/S have gained the Fair Tax Mark, joining businesses across Europe accredited to the gold standard of responsible tax conduct. Listed on the Copenhagen Stock Exchange, North Media provide platforms and channels for businesses worldwide to communicate with consumers. Businesses in the group include FK Distribution and SDR, which reaches millions of households each week through print and …

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Investors urged to look for red flags of poor tax conduct to derisk their portfolios

There is a growing understanding among investors that poor tax conduct is a red flag for an overly negative attitude to compliance in general, and also weak corporate governance. Tax controversies have preceded the financial difficulties of Credit Suisse, Thames Water, Adani and Glencore. In response to increasing approaches from institutional investors and asset managers, the Fair Tax Foundation has …

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EU global tax haven list ‘flawed’ as it shortens to just 12 

The EU Council has removed four jurisdictions from its list of tax havens, reducing those it deems non-cooperative for tax purposes to just 12. By comparison, the Fair Tax Foundation’s tax haven listing details 72 jurisdictions, and a recent list issued by the Australian government earlier this month identifies 41.  In an update this week, the EU Council announced Bahamas …

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