PFM Board
Medium Term Expenditure Framework => The Revenue Framework => Topic started by: John Short on June 13, 2013, 07:31:58 GMT
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June 11 Busy Day for Tax with PAC Report as well!
British retailers have been accused of not paying their way on tax, with just two of 25 well-known store groups awarded a "Fair Tax Mark", in a report published on Thursday by the Fair Tax Campaign.
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?
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?
Does the company use tax havens, indicating whether or not it is likely to be involved in tax avoidance.
There are five points available for each measure and firms getting 12 or more out of 15 are awarded a Fair Tax Mark.
See more at: http://www.taxresearch.org.uk/Blog/2013/06/13/the-fair-tax-mark-launched-today/#sthash.WhxDbyfv.dpuf
http://uk.news.yahoo.com/top-uk-retailers-fail-win-fair-tax-mark-231001483.html#k3Lb2ga
http://www.fairtaxmark.net/companies/