FTM have not yet developed a template for foreign owned companies. But underlying assumptions are that transparency provides anyone with enough data they can use to judge if company is paying a fair amount of tax.
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Which clearly isn’t the case for AMT Coffee. The transparency seems to come down to “trust us”.
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i'm really sceptical of private initiatives & voluntary codes of conduct for businesses. i've never seen this improve outcomes - for labour, environment (& perhaps tax too?) isn't this a distraction from need for effective government legislation & international cooperation?
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This is I think the only such initiative on tax. I don’t have much knowledge of similar initiatives in other areas - is it something that’s been studied?
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YEAH! enough literature to fill a castle! the forest stewardship council is pretty similar: http://www.fsc-uk.org/en-uk lots of parallel initiatives in global supply chains.
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And if, hypothetically, I was incredibly lazy and already had a reading list with 72 papers on it, how would you summarise the complex literature in 140 characters?
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Auditors claim to provide independent assurance
But struggle to see what's going on inside
So report management processes & systems (not the stuff that matters).
None of this tackles the
incentives driving non-compliance (in labour/environ)
So abuses persist.
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I think there are parallels & maybe lessons, but take care of assuming direct correspondence between roles, terms etc in the different domains - auditors, stds, race to the bottom etc. FTM I think made mistake of trying to replicate fairtrade biz model which doesn't quite fit
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absolutely. i know nothing on tax. so lack enough knowledge to say it's the same. all i know is that private regulation, kitemarks etc dont seem to improve labour conditions in global supply chains.
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Replying to @_alice_evans @MForstater and
Alice, I think the difference between FTM and some other accreditation schemes is we totally accept the limits of voluntary approach, and also see ultimate solution as legs and regs. So for eg, we supported Caroline Flint MP in amend of finance bill to force world first cbcr
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I think thats a similarity rather than a difference. Most green/social niche voluntary schemes are trying to achieve wider change than just to the companies/ products they accredit i.e to push market or regulatory norms.
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Replying to @MForstater @PaulJMonaghan and
But as Alice asks if those norms are purely process-based at some point have to check they translate to positive outcomes. Otherwise transparency norms for their own sake can be a
on a
. Challenge on 'fair tax' is whether we can judge 'fair'.1 reply 0 retweets 0 likes -
Replying to @MForstater @PaulJMonaghan and
I think there can be non governmental accreditation which has legal backing (professions like law or medicine). But can't think of any that work by defining outcomes, eg a "good" doctor, as opposed to process eg "good" training. Outcomes are usually assessed separately.
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End of conversation
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