Unite becomes first German multinational to gain Fair Tax Mark
Unite has become the first German multinational to gain the Fair Tax Mark, the global gold standard of responsible tax conduct. They are also the first platform business to attain accreditation.
Based in Leipzig and active in 15 European countries, Unite connects buyers and suppliers through a B2B platform and digital solutions that enable sourcing, transacting and collaborating.
They join Vattenfall and Atlantia, the first Swedish and Italian multinationals to be certified respectively, in achieving the Fair Tax Mark through or Global Multinational Business Standard.
To secure the Fair Tax Mark, Unite demonstrated a substantive commitment to responsible tax conduct, financial transparency and beneficial ownership disclosure. Among other things, the company has defined a binding tax policy that explicitly shuns tax avoidance and the artificial use of tax havens.
The annually re-audited Fair Tax Mark underlines Unite’s commitment to transparent and responsible tax conduct and confirms the company’s ethical corporate income tax behaviour. Corporate income tax is crucial for curbing social and economic inequalities. In addition, by paying taxes responsibly, businesses help the communities in which they operate to deliver valuable public services and build infrastructure that allows businesses to thrive.
Paul Monaghan, Chief Executive, Fair Tax Foundation, said:
“Unite is an exemplar of both responsible tax conduct and financial transparency. They provide a breakdown on everything from taxes paid in each country in which they operate, through to details of corporate ownership and control. In a sector that is all too often linked with tax avoidance and secrecy, they stand out as a business platform that is ready to go the extra mile for the enablement of sustainable, fair and transparent business performance.”
Peter Ledermann, Executive Board Member, Unite, said:
“Fair and sustainable business conduct is at the core of Unite’s values. We always pay our corporate tax with pride. We are delighted to be the first platform business accredited with the Fair Tax Mark according to the Global Multinational Business Standard. The buyers and suppliers using our platform and our partners can be confident that ethical governance and relationships come first for us.”
Ethical corporate tax conduct is just one example of Unite’s responsible and sustainable business approach in its mission to create a shared-value ecosystem, network and communities. Unite also has mechanisms to check professional misconduct, such as the Whistleblowing System and the Code of Conduct for Business Partners. And further accreditations such as the EcoVadis rating, for assessing and improving sustainability in the value chain.
Find out how the Fair Tax Mark could benefit your business.