A business should:
The scoring system underpinning the Fair Tax Mark accreditation standards is predominantly driven by the belief that ‘transparency’ encourages, and helps business demonstrate, responsible tax conduct. The tax contribution made by a business over a number of years is also considered (with feedback from civil society strongly supporting inclusion of this additional element). However, there are many good reasons why a business may not be paying high tax rates over a given period – for example, it may be loss-making in some years, or legitimate tax reliefs are being claimed within both the spirit and letter of the law. Such businesses can still secure a Fair Tax Mark, but additional disclosures will be needed – especially in connection with shortfalls from the applicable headline rates of tax in operation.
Currently, we have three standards available:
Global Multinational business
Initially, Fair Tax Mark accreditation was available only to businesses headquartered in the UK, but this was extended internationally to multinational enterprises on 25th November 2021, with the launch of the ‘Global Multinational Business Standard’. We also offer a Spanish language version of the standard.
Consultation
The Fair Tax Mark Standards and criteria have been developed with input from a broad range of stakeholders, including businesses, civil society organisations, tax experts and more.
A Technical Advisory Group communicates throughout the year and meets as and when needed. The Group are drawn from a range of backgrounds and perspectives.
A public consultation process underpinned the development of our Global Multinational Business Standard.
The Fair Tax Foundation is pleased to open up registration for the first Fair Tax Week webinars, which will bring together accomplished and engaging speakers on a variety of topics related to corporation tax. Fair Tax Week is a recognition of the businesses and organisations that are proud to promote responsible tax conduct, and a celebration of the positive contribution …
A unanimous cross-party vote by London Assembly Members puts Greater London in pole position as the UK’s number one regional fair tax champion. Assembly Members of the Greater London Authority (GLA), which oversees an annual budget of nearly £15bn, have come together to ask the Mayor, Sadiq Khan, to back responsible business tax conduct. It makes the GLA the first …
The Fair Tax Foundation is developing a Fair Tax Mark learning module for “The World’s First Online Course in Corporate Taxation and Sustainability”. Launching in May, and aimed at international enterprises and professionals, the new course is a partnership between Lund University School of Economics and Management and CSR Sweden. It aims to provide participants with a thorough understanding of …
