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A ‘Solidarity Company’ seal has launched in Spain to recognise organisations that volunteer to direct a proportion of their corporation tax towards financing social projects in the country.
The Third Sector Platform (PTS), which represents around 28,000 organisations, is behind the seal, supported by the Ministry of Social Rights and the 2030 Agenda. The distinction will be awarded as of next year to companies that seek to generate a positive impact on society by checking the Solidarity Company Tax Box.
Ticking this box allows the state to allocate a proportion of that company’s corporation tax (0.7% in 2021) to the financing of social projects with the objective of building a fairer and more inclusive society. Any organisation required to file a corporate tax return is eligible to participate.
The seal was presented during an event last month, ‘The Third Sector and the companies that add up’, which was attended by sector representatives, organisations and companies.
The event was moderated by Paquita Sauquillo, PTS member and coordinator of Casilla Empresa Solidaria, a campaign led by Third Sector Platform to raise awareness and increase uptake of the scheme.
During the event, she commented:
“We want to ensure that all companies in our country, regardless of their size or sector, join the Third Sector and collaborate with social entities. The reality of our times, marked by inequalities and social imbalances, as well as by the climate, health and economic crisis, demands urgent changes in the social and economic model. Companies play a very important role, having the opportunity to focus and direct their actions towards creating value for society as a whole and for the planet.”
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