Richard Murphy

The tax sector’s controversial new assurance standard is aiming to raise capital through the issue of shares.

Investors are being invited to put a minimum of £200 into the Fair Tax Mark (FTM), which is designed to encourage transparency by firms that pay corporation tax.

The FTM is registered with the Financial Services Authority as an industrial and provident society (IPS), categorising the standard is a not-for-profit organisation operating a business for the benefit of the community.

ICAEW “right behind” quality standard that experts call “ill-conceived”

Assessing a new standard for ethical behaviour in tax