Exemplary responsible tax conduct
To secure the Fair Tax Mark, Unite demonstrated a substantive commitment to responsible tax conduct, financial transparency and beneficial ownership disclosure. Among other things, the company has defined a binding tax policy that explicitly shuns tax avoidance and the artificial use of tax havens.
The annually re-audited Fair Tax Mark underlines Unite’s commitment to transparent and responsible tax conduct and confirms the company’s ethical corporate income tax behaviour. Corporate income tax is crucial for curbing social and economic inequalities. In addition, by paying taxes responsibly, businesses help the communities in which they operate to deliver valuable public services and build infrastructure that allows businesses to thrive.
Unite is an exemplar of both responsible tax conduct and financial transparency. They provide a breakdown of everything from taxes paid in each country in which they operate to details of corporate ownership and control.
Creating social value
Paul Monaghan, Chief Executive, Fair Tax Foundation said: “Unite is an exemplar of both responsible tax conduct and financial transparency. They provide a breakdown of everything from taxes paid in each country in which they operate to details of corporate ownership and control. In a sector that is all too often linked with tax avoidance and secrecy, they stand out as a platform business that is ready to go the extra mile to enable sustainable, fair and transparent business performance.”
Reiterating Unite’s commitment to fairness, equality and social justice, Executive Board member Peter Ledermann said: “Fair and sustainable business conduct is at the core of Unite’s values. We always pay our corporate tax with pride. We’re delighted to be the first platform business accredited with the Fair Tax Mark according to the Global Multinational Business Standard. The buyers and suppliers using our platform and our partners can be confident that ethical governance and relationships come first for us.”
Ethical corporate tax conduct is just one example of Unite's responsible and sustainable business approach in its mission to create a shared-value ecosystem, network and communities. Unite also has mechanisms to check professional misconduct, such as the Whistleblowing System and the Code of Conduct for Business Partners. And further accreditations such as the EcoVadis rating, for assessing and improving sustainability in the value chain.
About the Fair Tax Foundation
The Fair Tax Foundation was launched in 2014 and operates as a not-for-profit social enterprise. The Fair Tax Foundation believes that companies paying tax responsibly should be recognised and celebrated; and any global race to the bottom on tax competition should be resisted.
The Fair Tax Mark accreditation scheme is the gold standard of responsible tax conduct. It seeks to encourage and recognise organisations that pay the right amount of corporation tax at the right time and in the right place. Tax contributions are a vital part of the broader social and economic contribution made by businesses, helping the communities in which they operate to deliver valuable public services and build infrastructure that paves the way for growth. Accredited businesses include listed PLCs, co-operatives, social enterprises and large private businesses. A Fair Tax Global Multinational Business Standard was launched in November 2021, enabling multinationals headquartered outside of the UK to be accredited for the first time. https://fairtaxmark.net
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