Richard Murphy and Ethical Consumer today launch the Fair Tax Mark:
“The world’s first independent accreditation scheme to address the issue of responsible tax.”
Under this new project, businesses are to be assessed according to
- Transparency
- Tax rate, disclosure and avoidance
Businesses will be assessed in three different categories
- Businesses that solely trade in the UK
- UK-owned multinational businesses
- Foreign-owned multinationals with subsidiaries in the UK
See the full methodology, here. Take a look at a sample company assessment, to get an idea of the kinds of criteria that are used.
We at TJN are aware that people have been calling for such a project for a long time. We were involved in an earlier pilot version of this, though we are not involved in this re-launched and re-worked version. It seems to be getting good reviews so far, as this BBC clip shows.
See detailed coverage in The Guardian,
Leave a Reply