Monday, November 2, 2015
Richard Murphy (Founder, Tax Justice Network) presents The Fair Tax Mark at McGill today as part of its Spiegel Sohmer Tax Policy Colloquium Series:
The Fair Tax Mark is for businesses that are proud to pay their fair share.
The basic premise of the Fair Tax Mark is that a Fair Tax Business:
- Has adopted a fair tax policy that suggests it is seeking to pay the right amount of tax (but no more) in the right place at the right time, where right means that the economic substance of the transactions undertaken coincides with the place and form in which they are reported for taxation purposes;
- Is transparent about who owns it, what it does and where it is;
- Provides sufficient accounting data to suggest that its fair tax policy has been put into practice.
The aim of the workshop is to highlight:
- The role of the public tax intellectual in changing public discourse on tax
- The mechanisms for effecting change
- How progress has actually happened
- The process by which the current goals will be achieved with the willing cooperation of some major companies who see benefit from the Fair Tax Mark of which I am technical director