European energy company gains fair tax mark accreditation

The Fair Tax Foundation has launched its new fair tax mark global multinational business standard and announced the accreditation of European energy company Vattenfall.

Headquartered in Sweden Vattenfall is the first business to be accredited against the new global standard and will become the largest business to secure the fair tax mark. It is one of Europe’s largest producers and retailers of electricity and heat with significant markets in Sweden Germany the Netherlands UK Denmark and Finland. It has about 20 000 employees and wants to make fossil-free living possible within one generation.

Paul Monaghan chief executive of the Fair Tax Foundation said: ‘The internationalisation of the fair tax mark has been driven by approaches from businesses across the world who are seeking accreditation and to stand up for responsible tax conduct. It is no longer enough for a business...