Fair Tax Foundation

UK procurement rules come into force today. Read our thoughts on them 👇

Really, really enjoyed doing this TaxTalks podcast with Jeff Hoopes of University of North Carolina and Scott Dyreng of Duke University. We talked about the Fair Tax Foundation: - when and why European journalists started calling out corporate tax avoidance ten years ago - the widely different appetite for tax transparency in Europe and the US, and why this is - why "spirit of the law" matters - like it or not, 100s of US MNCs will be in scope of the EU PCbCR Directive - our desire to see progressive US business secure a Fair Tax Mark label

💌 What 𝐅𝐚𝐢𝐫 𝐓𝐚𝐱 𝐌𝐚𝐫𝐤 businesses have been up to 📢 Our calls for change 🔍  In-depth tax analysis 🔷 Updates on the 𝐓𝐚𝐱 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐈𝐧𝐝𝐞𝐱 All this and more in our monthly newsletter next week. Sign up to receive it straight to your inbox: https://lnkd.in/epp564Kw #fairtax #newsletter #corporatetax

The UK government set out new guidance last week for its procurement rules, which come into force on Monday. It says suppliers should actively work to tackle bribery, corruption and fraud, as well as comply with their tax obligations. What this looks like in practice will ultimately determine whether there is any real change on the ground via the exclusion of tax dodgers from public procurement, and the enablement of businesses that readily demonstrate responsible tax conduct to compete fairly. Read our thoughts on the statement: https://lnkd.in/e7ACvE9e #procurement #publicontracts #responsibletax #taxdodging

Because businesses such as Iberdrola, Ørsted, Vattenfall and SSE plc disclosure their public Country-by-Country Reporting, we know the value of corporate tax payments made in the UK and other countries. That's why we think the UK should forge ahead and mandate #pCbCR, like we've been seeing recently in other countries around the globe.

In the UK, more than 60 councils are signed up as 𝐅𝐚𝐢𝐫 𝐓𝐚𝐱 𝐂𝐨𝐮𝐧𝐜𝐢𝐥𝐬, meaning they have committed to lead by example and encourage responsible tax practices. Is your council one of them? Take a look at the list here ➡️ https://lnkd.in/ew93k6F8 And find out more about UK Fair Tax Councils here ➡️ https://lnkd.in/ekynwyK

📢 Tax professionals at multinationals: we have lots of resources to help with your public Country-by-Country Reporting. Take a look ⬇️

"𝘈𝘴 𝘸𝘦 𝘮𝘢𝘳𝘬 𝘍𝘢𝘪𝘳 𝘛𝘢𝘹 𝘍𝘳𝘪𝘥𝘢𝘺 𝘥𝘶𝘳𝘪𝘯𝘨 𝘎𝘰𝘰𝘥 𝘉𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘍𝘰𝘳𝘵𝘯𝘪𝘨𝘩𝘵, 𝘪𝘵’𝘴 𝘢 𝘱𝘰𝘸𝘦𝘳𝘧𝘶𝘭 𝘳𝘦𝘮𝘪𝘯𝘥𝘦𝘳 𝘰𝘧 𝘵𝘩𝘦 𝘳𝘦𝘴𝘱𝘰𝘯𝘴𝘪𝘣𝘪𝘭𝘪𝘵𝘺 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴 𝘩𝘢𝘷𝘦 𝘪𝘯 𝘦𝘯𝘴𝘶𝘳𝘪𝘯𝘨 𝘵𝘩𝘦𝘺 𝘤𝘰𝘯𝘵𝘳𝘪𝘣𝘶𝘵𝘦 𝘧𝘢𝘪𝘳𝘭𝘺 𝘵𝘰 𝘴𝘰𝘤𝘪𝘦𝘵𝘺" - Good Business Charter CEO Jenny Herrera. Find out three ways responsible tax practices are good for business and society alike: https://lnkd.in/eJBQ5aai #FairTaxFriday #GoodBusinessMatters #responsibletax

🌟In a special edition of our 𝐅𝐚𝐢𝐫 𝐓𝐚𝐱 𝐋𝐞𝐚𝐝𝐞𝐫𝐬 series for Good Business Fortnight’s 𝐅𝐚𝐢𝐫 𝐓𝐚𝐱 𝐅𝐫𝐢𝐝𝐚𝐲, Leeds Building Society Director of Finance Operations Andrea Harrison LLB FCA discusses corporate governance reform, customer trust and being a mentor. ➡️ https://lnkd.in/eXZJ3nhj The Good Business Charter's two-week awareness-raising campaign concludes today with a chance to explore why fair tax is so important to responsible business and celebrate the organisations paying their fair share. Have a read of how Leeds Building Society embeds these principles. #GoodBusinessMatters #GoodBusinessFortnight #FairTaxFriday #FairTaxLeaders

A pleasure to be at Good Business Charter's event this morning championing fair tax - one of the Charter's components. So many great organisations in the room that recognise responsible tax, and other responsible business practices, are simply good for business. We're rounding off #GoodBusinessFortnight tomorrow with #FairTaxFriday - stay tuned!