(The following is Paper Tiger’s Press release of 1st November)
Paper Tiger, the leading independent card and gift retailer, has been awarded the Fair Tax Mark – the first independent business in Scotland to achieve this certification. The Fair Tax Mark certifies that Paper Tiger has met the highest standards in tax transparency, and is fully compliant in all its tax dealings.
Commenting on the award, Paper Tiger Director Michael Apter said: “Paper Tiger aims to deliver a great shopping experience, with great products in great stores, assisted by a great team. As well as being great, we want to demonstrate that we are good too and The Fair Tax Mark represents another opportunity for us to show that we are a good business run by good people.
“We believe that we are taking a lead in Edinburgh when it comes to transparency and accountability. Edinburgh is a prosperous and outward looking place to live and work, and we feel it’s important that businesses in the city continue to help it to grow in an ethical manner. As the first independent retailer in Scotland to achieve this Award, we hope we can inspire other businesses to look at their practices and set an example in their own sectors.”
Paying the correct tax is a basic principle of good business ethics, and we hope that our partners within our retail sector will take note of our commitment to good business ethics, and consider how they can work to improve their credentials in the future – suppliers and makers as well as our neighbours and customers.
The integrity of the High Street is often brought into question by large multinationals, and consumers have a real and perceived sense of the use of tax avoidance schemes by some of the main players. In addition, the world of online trading is rife with tax avoidance at the international level, and by small traders and foreign traders who exploit a poorly policed taxation system in the UK. We believe that the Fair Tax Mark gives Paper Tiger credibility with our customers in store, and also online.
Paper Tiger has long had an ethical approach at the heart of its business, dealing with our suppliers fairly, and supporting many local charities in the city. The business was one of the first independent retailers to sign up as Living Wage UK employer, and we have enjoyed the benefits that this has brought in terms of staff recruitment and retention.
As part of its recent assessment for the Fair Tax Mark, Paper Tiger provided four years’ worth of information on its financial health. The business has also developed a comprehensive tax policy, which is freely available to the general public online at https://www.papertiger.co.uk/pages/paper-tiger-tax-policy/
About Paper Tiger. Paper Tiger, established in 1981, offers great design led products from new and established Edinburgh and UK based artists, all carefully selected, and including a large selection of creative cards, stylish stationery, gifts, toys, books and wrap. We have two great stores in Edinburgh and trade online to customers all around the world at www.papertiger.co.uk. We are proud to support local Scottish artists and makers in our stores.
We are a Living Wage employer, amongst the first in Scotland, and we are now a Fair Tax Mark accredited company, committed to being a responsible business in our working practices and our approach to our relationships with our employees, our suppliers and our customers. We actively support a number of charities and have donated thousands of pounds to causes such as The Edinburgh Royal Hospital For Sick Children, Breast Cancer Now, and the UNHCR fund for Syrian Refugees, as well as donating prizes and vouchers to local businesses and charities that resonate with our team and our values as a business.