Wrexham Chauffeurs has been awarded the Fair Tax Mark, joining the movement of businesses committed to financial transparency and responsible tax conduct.
Fair Tax Mark accreditation recognises businesses that pay the right amount of corporation tax at the right time and in the right place. Accredited businesses include listed PLCs, co-operatives, social enterprises and large private businesses.
North Wales-based Wrexham Chauffeurs was established by Geth Thomas (pictured) in July 2019, after years of experience in the private hire industry. The company offers transport across the UK, including to and from all airports, seaports and railway stations. It also provides wedding cars, guided tours and a “White Glove” delivery service for transporting artwork or official documents.
Graham Drummond, head of communications, Fair Tax Foundation, said: “We’re really pleased to welcome Wrexham Chauffeurs to the Fair Tax community of businesses. The people of Wrexham can be proud that a local business is leading the way with its responsible tax conduct.”
“Year after year, our polling of the UK public shows they want to get behind businesses that can prove they’re paying their fair share of tax. Through the Fair Tax Mark, Wrexham Chauffeurs can demonstrate they’re doing just that.”
Polling commissioned by the Fair Tax Foundation from ICM last year found that three quarters of the UK public would rather shop with (74%) or work for (75%) a business that can prove it is paying its fair share of tax. Over three quarters (77%) of the public believe that all companies, whatever their size, should have to publicly disclose the taxes they do or don’t pay in the UK.
Across the globe, close to 40% of multinational profits ($970 billion) are artificially shifted to tax havens each year, leading to a $250bn reduction in corporate income tax revenue. Within this, the UK was found to suffer a staggering $110bn of profit shifting, leading to an estimated $21bn reduction in corporation tax revenues – which equates to £17bn of missing tax, or 32% of the total amount collected.