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Why social enterprises and charities should care about tax justice
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Duncan Thorp: social enterprises, charities, cooperatives, community groups and other social economy organisations can and should benefit from fair tax reformsTax affects us all and everyone has an opinion on it.
Within this, the voice of social enterprises - businesses that exist for a specific social or environmental mission - must increasingly be heard.
After all, not only do social enterprises pay tax, but they’re also impacted by wider tax decision-making, including qualifying for vital tax reliefs, for example, for social investment and non-domestic (business) rates.
Put simply, it’s now time for some innovation and fresh thinking about how the tax system can support social enterprises and other inclusive, democratic businesses, so they can deliver more for people and planet.
By tackling tax avoidance, evasion and fraud at all levels, using technology to simplify and streamline the tax system and working with the UK Government on social investment tax reliefs and other areas, many solutions can be found.