A campaign set up to promote transparency in corporate tax affairs has ranked 25 of the UK's largest retailers on the ‘fairness' of their tax contributions.
Fair Tax, set up by Tax Research UK director Richard Murphy, assessed the firms against three metrics - financial reporting, their UK tax rates (and how much is paid on their UK profits) and whether they use tax havens - and gave each a ‘Fair Tax Mark'. Carphone Warehouse Group, Home Retail Group, J Sainsbury and WH Smith all received a total of two marks out of a possible 15, with the latter marked down for failing to provide a geographical breakdown of its data, despite operating in eight countries. Other companies to receive low scores included Tesco (4), John Lewis Partnership (5)...
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