The Fair Tax Mark – coming to the UK

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,