Lendology Announces Fair Tax Accreditation to Promote Transparency and Ethical Practices

March 7 2023

Lendology CIC, working with council partners, are a Social Enterprise Lender providing access to council funded loans to homeowners, social tenants, and private tenants to spread the cost over the winter month. As part of their commitment to transparency and ethical practices, Lendology compiled the statement of Fair Tax in partnership with the Fair Tax Foundation that outlines their approach to taxation and corporate responsibility.

At the heart of Lendology’s Fair Tax Accreditation is a pledge to pay their fair share of taxes in the countries where they operate. This means that they will not engage in aggressive tax avoidance schemes or exploit loopholes in tax laws to minimize their tax bill. Instead, they will work within the legal framework of each country to ensure that they are contributing their fair share to public services and infrastructure.

Lendology also commits to maintaining an open and transparent dialogue with tax authorities, and to proactively engage with them to ensure that they are complying with all relevant tax laws and regulations. This includes providing timely and accurate tax returns, responding promptly to any queries or requests for information, and working collaboratively with tax authorities to resolve any issues that may arise.

In addition to their commitment to fair taxation, Lendology also pledges to support their local communities and to operate in an environmentally responsible manner. This includes initiatives such as reducing their carbon footprint, supporting local charities and community organizations, and encouraging their employees to volunteer their time and expertise to charitable causes.

Overall, Lendology’s Fair Tax Accreditation reflects their commitment to operating ethically and responsibly, and to contributing to the broader social and economic well-being of the communities in which they operate. As consumers and investors become increasingly focused on issues such as corporate responsibility and sustainability, initiatives like Lendology’s Fair Tax Accreditation are likely to become more important in the financial services industry.

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