{"id":21156,"date":"2013-06-13T06:19:12","date_gmt":"2013-06-13T05:19:12","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=21156"},"modified":"2014-02-20T08:45:32","modified_gmt":"2014-02-20T08:45:32","slug":"the-fair-tax-mark-launched-today","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/06\/13\/the-fair-tax-mark-launched-today\/","title":{"rendered":"The Fair Tax Mark – launched today"},"content":{"rendered":"

UPDATE FEBRUARY 2014: See the new Fair Tax Mark\u00a0here<\/a><\/p>\n

This blog refers to the pilot version<\/p>\n

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Over the last six months I've been working with Meesha Nehru on the\u00a0Fair Tax Mark, which we launched this morning. It's got its own website here<\/a>.<\/p>\n

The first Fair Tax Mark report ranks 25 UK retailers<\/a> on their tax and transparency - the latter being more\u00a0important\u00a0than the rate paid. As the ranking shows, one company - Greggs - got full marks whilst Majestic Wines came close. Others missed the mark by a long way, so it's\u00a0important\u00a0to note what we rank on, which, as the Mirror notes this morning<\/a>, is\u00a0three separate measures:<\/span><\/p>\n

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  1. Do companies publish enough information so we can tell how much activity they have in the UK, what profit they make here and how much tax they pay in this country?<\/li>\n
  2. Does the company pay an acceptable rate of tax on its profits, and does it look likely that a fair part of that profit is declared in the UK?<\/li>\n
  3. Does the company use tax havens, indicating whether or not it is likely to be involved in tax avoidance.<\/li>\n<\/ol>\n

    There are five points available for each measure and firms getting 12 or more out of 15 are awarded a Fair Tax Mark.<\/p>\n

    As we found, there are widely varying results:<\/p>\n