The aim of our campaign is to encourage consumers to buy from companies that pay a fairer rate of tax thereby putting pressure on tax avoiders to instigate more socially aware tax policies and more transparent tax reporting.
Fair tax is at the heart of a fair society
The Fair Tax Foundation is about businesses demonstrating that they have an open and responsible tax policy.
We want to reward businesses that pay a fair amount of tax and encourage consumers to use those businesses.
The Fair Tax Mark shows that a business:
- pays the right amount of tax (but no more) in the right place at the right time, according to both the letter and the spirit of the law;
- readily provides sufficient public information to enable its stakeholders to form a rounded and informed view of its beneficial ownership, tax conduct and financial presence and impacts across the world;
- says what they pay with pride.
Why is it needed?
When it comes to tax businesses have a choice. They can choose to act responsibly or they can choose to minimize their tax bill regardless of the cost to society.
Tax is needed to pay for public services like schools and hospitals and also for infrastructure like roads and sanitation.
When companies pay less tax ordinary people either pay more or public projects get cut.
More than just an accreditation scheme
In the current climate of austerity and slashed public spending, corporate tax abuse continues to make headline news in the UK and around the world. It is an issue that is not going to go away anytime soon.
Whilst pensioners and other vulnerable people brace themselves for a winter of choosing between heating and food, many of our major high street retailers still refuse to make a reasonable contribution to our society, lowering their tax bills and hiding what they are up to in their accounts.
Coupled with this, big business is gaining an unfair advantage over the competition.
With 1 in 4 consumers wanting to boycott tax dodgers, it's time to show them which businesses they can trust and to help them spend their money where it counts.
The Fair Tax Foundation aims to offer businesses that know they are good taxpayers - or want to work towards becoming one - the opportunity to proudly display this to their customers.
As of November 2021 there are over 70 organisations who have signed up. The full list is on the Fair Tax Foundation website. A growing number of UK councils have also signed the Councils for Fair Tax declaration, with the full list on the website.
Ethical Consumer is proud to hold the Fair Tax Mark accreditation. The annual accceditation was re-awarded in March 2022.