The launch of the Fair Tax Pledge took place this week, aimed at UK individuals and sole traders wishing to pledge to their commitment to tax transparency and a ‘fair and effective tax system’.
The launch of the Fair Tax Pledge took place this week, aimed at UK individuals and sole traders wishing to pledge to their commitment to tax transparency and a ‘fair and effective tax system’. The Fair Tax Pledge is an initiative of the Fair Tax Mark campaign for corporates that was relaunched last year, which was set up by tax campaigner Richard Murphy.
The five key pledges for individuals and sole traders to sign up to include: declaring all income and that of any companies and trusts controlled, openly, honestly and on a timely basis; not using tax havens to reduce any tax owed; not using tax avoidance arrangements requiring disclosure to any tax authority or that fall foul of general anti-tax avoidance rules; not entering into any arrangement that might reduce the tax that a person or companies and trusts that a person controls owe in a way that the law never intended; informing one’s accountant or tax adviser the pledge has been made and ask them to help comply with it.
The charity Christian Aid welcomed the launch of the pledge, with Toby Quantrill, its principal economic justice adviser, saying: ‘Christian Aid has campaigned for tax justice, especially in developing countries, since 2008. While we have focused on the failure of many global companies to pay their fair share, we welcome this initiative because it highlights the moral dimension of tax and the fact that paying one’s taxes contributes to the common good.’
The launch of the Fair Tax Pledge took place this week, aimed at UK individuals and sole traders wishing to pledge to their commitment to tax transparency and a ‘fair and effective tax system’.
The launch of the Fair Tax Pledge took place this week, aimed at UK individuals and sole traders wishing to pledge to their commitment to tax transparency and a ‘fair and effective tax system’. The Fair Tax Pledge is an initiative of the Fair Tax Mark campaign for corporates that was relaunched last year, which was set up by tax campaigner Richard Murphy.
The five key pledges for individuals and sole traders to sign up to include: declaring all income and that of any companies and trusts controlled, openly, honestly and on a timely basis; not using tax havens to reduce any tax owed; not using tax avoidance arrangements requiring disclosure to any tax authority or that fall foul of general anti-tax avoidance rules; not entering into any arrangement that might reduce the tax that a person or companies and trusts that a person controls owe in a way that the law never intended; informing one’s accountant or tax adviser the pledge has been made and ask them to help comply with it.
The charity Christian Aid welcomed the launch of the pledge, with Toby Quantrill, its principal economic justice adviser, saying: ‘Christian Aid has campaigned for tax justice, especially in developing countries, since 2008. While we have focused on the failure of many global companies to pay their fair share, we welcome this initiative because it highlights the moral dimension of tax and the fact that paying one’s taxes contributes to the common good.’
