Mace, the international consultancy and construction company, has secured its first Fair Tax Mark accreditation, the gold standard of responsible tax conduct.
From Olympic parks and iconic skyscrapers like The Shard, to state-of-the-art data centres, schools, hospitals and homes, Mace is involved in major construction projects across the world. Operating across five global hubs and driven by the pursuit of a sustainable world, they can now also demonstrate a deep commitment to responsible tax conduct.
As part of the accreditation process, Mace has demonstrated strong tax rates and cash taxes paid over a number of years, as well as developing a tax strategy that shuns tax avoidance and the artificial use of tax havens. Mace has also committed to more public Country-by-Country reporting and further areas of leading edge tax transparency.
In the foreward of the latest Tax Policy Report from Mace, Miranda Chamberlain, Group Head of Tax, said: “Mace Group is proud to be a responsible business with a strong purpose to ‘redefine the boundaries of ambition’. Our commitment to always doing the right thing is reflected in our approach to corporate tax. Mace is dedicated to paying our fair share of tax in all the countries in which we operate, only applying generally available tax reliefs permitted to all taxpayers. Mace will only utilise tax reliefs within the spirit of the law, but never with the intention of wilful tax avoidance or via the use of aggressive tax avoidance schemes.”
Jaime Boswell, Head of Accreditations, Fair Tax Foundation, said: “We are delighted to announce Mace as the first international consultancy and construction business to achieve the Fair Tax Mark accreditation. Mace is a UK-based multinational Group that operates globally, so their commitment to responsible tax conduct and tax transparency has an impact across the world. We are impressed that Mace has also voluntarily published additional tax disclosures and has committed to more public country-by-country reporting. Their firm stance against aggressive tax avoidance is complimented by an open, honest and transparent approach to tax reporting.”
The Fair Tax Mark is an independent accreditation, which recognises organisations that demonstrate they are paying the right amount of corporation tax in the right place at the right time. UK businesses carrying the Fair Tax Mark include brands such as Timpson, Lush, and Richer Sounds, FTSE listed companies including SSE and Marshalls Plc., as well as co-operatives, family businesses and social enterprises. With the launch of the Global Multinational Business Standard in November 2021, the Fair Tax Mark is also now open to any multinational enterprise in the world.