Estimates vary but every year, billions are missing from our public purse because companies choose to avoid paying their corporation tax. Approximately £7 billion goes missing from the UK’s public revenues each year when companies move profits to tax havens and avoid paying corporation tax (around £535 billion a year of corporate profits are moved to tax havens worldwide).
This tax avoidance causes huge damage:
- Small businesses can’t compete because it is not a level playing field
- Money funnels upwards contributing to growing inequality
- Our democracy is undermined as companies play by their own rules
- Less money is available for the vital public services we all need
We exist to change this. We certify and celebrate businesses who are doing the right thing on tax, encouraging others to follow their lead. You can take action to help us build a Fair Tax future:
