The growth of tax havens and unethical corporate tax conduct have become prominent concerns across the world. Aggressive tax avoidance negatively distorts national economies and undermines the ability of business to compete fairly, both domestically and internationally.
Recent research has found that close to 40% of multinational profits (some US$970bn) are artificially shifted to tax havens each year, leading to a US$250bn reduction in corporate tax revenue.
It is no longer enough for a business to claim that their tax conduct is acceptable as long as they are not breaking the letter of the law.
It helps your business demonstrate it pays the right amount of corporate income tax at the right time and in the right place – following both the spirit and the letter of the law.
Sought by listed PLCs, global multinationals, co-operatives, social enterprises and more, the Fair Tax Mark shows stakeholders that your tax conduct has been independently assessed and rated by a trusted social enterprise.
Our Global Multinational Business Standard satisfies the key reporting recommendations of GRI 207, the Principles for Responsible Investment (PRI) and the OECD Guidelines for Multinational Enterprises on Responsible Business Conduct. Accreditation will also go a long way to demonstrate alignment to the EU’s Corporate Sustainability Reporting Directive and associated Minimum Safeguards, which flag ‘taxation’ as a material consideration.
NATS, formally National Air Traffic Services, has secured its first Fair Tax Mark accreditation, and joins the global movement of businesses committed to responsible tax conduct. The leading provider of air traffic control services in the UK, NATS often handles over 2.5 million flights and 250 million passengers each year. Operating beyond the UK, the business also offers services to …
The Ipsos Global Trustworthiness Monitor reported in 2023 that less than a third of the global public trust business leaders to ‘tell the truth’ (30%) or ‘generally behave in an ethical way’ (29%) - albeit trust levels vary widely across the 21 countries surveyed. Given this lack of trust, independent third-party verification is crucial for enhancing credibility of corporate claims …
Our friends at the UK Anti-Corruption Coalition (UKACC) have today released polling results on Britain's role in tackling economic crime in its offshore financial centres. It comes as British Overseas Territories* representatives arrive in London for a key meeting, which is set to include a discussion on public registers of beneficial ownership. At first glance it may not seem obvious …
