Billions are missing from our public purse because some companies avoid paying corporation tax. Not only does this mean that less money is available for public services, but that smaller local businesses can’t compete. At every level of Government, we want to tackle tax avoidance and promote businesses who pay their fair share – this starts locally.
Collectively, local authorities spend more than £40bn per year procuring goods and services our behalf. From cleaning to construction, councils do business with hundreds of different suppliers. We are asking that Councils commit to signing the Councils for Fair Tax declaration which ensures they embed fair taxes into their procurement requirements and declares their support for the economic contribution this makes locally – so taxpayer money doesn’t go to businesses who avoid paying their fair share.
#FairTaxWeek recognises organisations across the UK that pay tax responsibly and in 2023 will see these businesses and local authorities step forward and say what they pay with pride. Right now, Councils are leading by example, by demanding greater transparency, and promote local businesses who do pay their fair share and we want more to join them.
Join us on Zoom on Wednesday 14 June at 6pm as we explore topics such as from beneficial ownership disclosure or the need for public procurement reform. With speakers including Nóra Blascsók, Communications Officer at the Fair Tax Foundation and Cllr Sue Morgan – Executive Member for Resources, Torfaen Council