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Fair Tax Foundation

Ethical Finance - Community Shares

Co-investment
27% raised
6%

Forecast
return

Investors
18
Days left
74
Raised so far
£123,699

The Fair Tax Foundation aims to help reverse the global race to the bottom on corporation tax. Its Fair Tax Mark is now the gold standard of responsible tax conduct. It has grown a movement of progressive businesses that are proud to pay their taxes and celebrate the enormous contribution this makes to public services.

Fairer Societies
Min investment: £200
Target
£450,000
Min raise
£300,000
Offer opened
02/09/2024
Closing date
29/11/2024
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Updates

Barrow Cadbury Trust boost Fair Tax Foundation community share offer by £100,000

16th September 2024

16th September 2024

 
The Fair Tax Foundation is delighted to have received £100,000 investment from charitable foundation the Barrow Cadbury Trust, taking our community share offer more than 25% of the way to our target.

Find out more about this investment here: Barrow Cadbury Trust boost Fair Tax Foundation community share offer by £100,000 - here (fairtaxmark.net)

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Fair Tax Foundation Limited
Society no. 32308R
Manchester, UK
Incorporation date: 18 February 2014

Your money will…

  • Tackle corporate tax avoidance by promoting responsible tax conduct and encouraging legislation to challenge businesses that shun their tax obligations

  • Enable businesses to compete fairly by championing those enterprises that shun tax havens and follow the spirit as well as the letter of the law

  • Improve essential public services by working to plug the UK’s £12.5bn corporation tax shortfall, and similar shortfalls elsewhere

  • Earn a potential return. Investments in the share offer target an initial annual return of 6%, and UK base rate plus one percent thereafter

The bigger picture

When companies avoid tax, everybody loses. Tax avoidance robs public services of vital revenue, exacerbates inequality, undermines the ability of businesses to compete fairly and is subverting the transition to net zero. Tax contributions are the lifeblood of a healthy society. They fund essential services such as healthcare and education and help pay for the green infrastructure that is needed to combat climate change. However, corporate tax avoidance weakens this vital bedrock and reduces national productivity.  

Alarmingly, across the globe, 35% of multinational profits are funnelled into tax havens every year. The UK suffers from a corporate tax shortfall of £12.5bn each year, because of this multinational profit-shifting. The developing world is particularly vulnerable to such tax dodging.  

The Fair Tax Foundation offers a solution to the problem. 
- Fair Tax Mark accredited businesses are exemplars of responsible tax conduct and contribute more than £1.7bn annually in corporation tax, setting a positive global example and inspiring governments to raise the bar.
- Fair Tax Councils shun tax avoidance, embrace robust procurement policies and are standing up for investment in infrastructure and people.
- It developed the world’s first responsible tax standard for business, which is now widely regarded internationally as being the gold standard of responsible tax.  

Following a decade of success, The Fair Tax Foundation aims to level up its impact fivefold – embedding tax justice not just further in the UK, but increasingly across the world.

*The Fair Tax Foundation has also raised £100k from one social investment fund.

    What your money will do:

    Your investment in the Fair Tax Foundation share offer will:


    • Enable the Fair Tax Foundation to create a new sales and business development team, broaden its product offering, expand its back-office operations, and recruit and train new technical staff.
    • Fund the growth needed to increase its income from around £500,000 to around £2mn per year, in turn boosting its positive impact on society.
    • Quintuple its corporate engagement in the UK and overseas, leading to hundreds of Fair Tax Mark accredited companies combining to make a corporation tax contribution in excess of £8.5bn per annum.
    • Help the Fair Tax Foundation and its movement of progressive businesses to turn around the corporate tax race to the bottom - inspiring governments to raise legislative baselines and regulators to implement rules more robustly.

    Team

    The Fair Tax Foundation was launched in 2014 and operates as a not-for-profit social enterprise. It believes companies paying tax responsibly should be recognised and celebrated, and any global race to the bottom on tax competition should be resisted. https://fairtaxmark.net/ 

    Paul Monaghan

    Chief Executive

    Paul was a co-founder of the Fair Tax Foundation in 2013, and became Chief Executive in September 2017. He previously led, for two decades, award-winning sustainability programmes across the Cooperative Group in areas as diverse as Food, Banking, Insurance, Pharmacy, Funerals and Travel.

    Jaime Boswell

    Head of Accreditation

    Jaime comes from both an accounting and taxation background, with professional qualifications and experience in both. He joined in 2020, and previously worked for a range of accountancy firms from small family businesses to one of the largest in the world.

    Tom Skinner

    Chief Operating Officer

    Tom joined in 2022, and previously co-founded Greater Manchester Poverty Action where he was co-Director and Chief Operating Officer for five years. He managed several programmes and campaigns alongside responsibility for the organisation’s operations and finances.

    Natasha Turner

    Acting Head of Communications

    Natasha joined in 2024, and previously spent nearly a decade in journalism. She has launched and run several financial publications, before moving into communications. Prior to joining the Fair Tax Foundation, she was global editor of ESG Clarity.

    Rob Harrison

    Board Member - Chair

    Rob Harrison is a director of Ethical Consumer Research Association (ECRA) and was also a co-founder of the Fair Tax Foundation. He has been an editor of Ethical Consumer Magazine since its inception in 1989, and has made a major contribution to academic work in this area.

    Chris Harrop OBE

    Board Member

    Chris Harrop is Visiting Professor of Sustainable Business at the University of Huddersfield. Previously, he was Director of Marketing and Sustainability at Marshalls plc for 22 years, and Chair of Made on Britain, 2017 to 2024.

    Harriet Lamb CBE

    Board Member

    Harriet Lamb is the Chief Executive Officer of WRAP, the climate action NGO. She previously headed up Fairtrade in both the UK and internationally, and authored Fighting the Banana Wars. She was named Orange Businesswoman of the Year in 2008.

    Rachel McEwen

    Board Member

    Rachel is Director of Sustainability at SSE Plc, and is responsible for its sustainability strategy, partnership funding and corporate heritage. She is also Chair of Living Wage Scotland’s Business Leadership Group and was Senior Special Adviser to Scotland’s First Minister, 2001 to 2007.

    Christian Hallum

    Board Member

    Christian Hallum co-leads Oxfam’s tax justice work internationally, and is based in Denmark. He has previously worked with Tax Justice Network Africa in Kenya, IBIS in Sierra Leone and Eurodad in Belgium. He has also worked with the Danish tax administration SKAT as a compliance analyst.

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    Interest accrual and payment

    Annual interest paid from 31st December 2025. Interest will be added each year to share capital accounts in the form of new community shares.

    Getting your money out

    Shares are not transferable. In 2031 and 2032, 50% of total share capital will be available to withdraw each year (including accrued interest). Subject to board agreement.

    Investing on behalf of children

    Anyone 18 years or older can invest through this offer. Investments cannot be made on behalf of children.

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    Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.

    Risk Warning

    Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.