Energy companies leading the way on fair tax
Winder Power now Fair Tax accredited, SSE renews commitment
Winder Power Group, a leading UK manufacturer of power generation equipment, has this week successfully achieved the Fair Tax Mark.
The Fair Tax Mark, a joint project from Ethical Consumer and Tax Research UK, is awarded to companies who can demonstrate they are paying a fair amount of tax.
Speaking about the recent accreditation, Laurence MacKenzie, Group Chief Executive, Winder Power, said, “We at Winder Power firmly believe that we have a responsibility to contribute to the society in which we operate. We believe that paying our taxes in this way is one of the clearest indications we can give of our role and commitment as responsible participants in society.”
Welcoming the move by Winder Power, Meesha Nehru, Programme Director of the Fair Tax Mark, commented, "We’re delighted to have worked with Winder Power on the award of their Fair Tax Mark. Winder Power is a business that not only pays its fair share of tax year on year, but also that has been willing to go the extra mile to make itself fully transparent and accountable to the UK public through independent accreditation.”
Meesha Nehru at Fair Tax Mark 2015 conference
The company is a supplier to SSE, one of the UK's largest energy companies, who this week gained the Fair Tax Mark for the second successive year.
Richard Livings of the Fair Tax Mark said that "The FTSE100 firm continues to set a great example for large business; both in terms of its responsible approach to tax practice and its leadership in speaking out on the need for improved tax transparency in the UK."
He added, "In its 2015 accounts, its published tax policy and additional reporting, SSE goes well above and beyond the current legal and accounting requirements for tax disclosure."
Chief Executive of SSE, Alistair Phillips-Davies says “We’re delighted to have received accreditation again from the Fair Tax Mark because it palpably demonstrates that we’re paying our fair share here in the UK.
“We know there’s deep anger from the public towards companies that don’t take a responsible approach to paying taxes. Frankly, one year on I’m surprised and disappointed more FTSE 100 companies have not looked to join us in gaining this mark and going further on tax transparency."
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