It turns out I was wrong. The Fair Tax Mark press release was actually out of date when they published it. They forgot to state which years they were referring to in their press release or link to their supporting analysis. It was only by cross-referencing to their analysis that I realised.
Anyway, Tesco now deserve at least 3 points for their tax rate score (the maximum possible under that category without adopting country-by-country reporting) because they’ve closed their weighted difference to within 3% of that expected by the FTMRNG:
With one year’s results Tesco have managed to improve their tax rate score from the minimum possible to the maximum available.
However, if you work out an actual average current rate for the period, you’ll realise that Tesco are actually still quite far beneath the “expected rate” over the period. It’s not the 8.3% that FTM state in their press release, it’s more like 6%.
But, this is exactly the sort of swing in score that the researchers wanted to enable where companies behaviour improves.
It may not be everything that the Fair Tax Mark campaign have on their shopping list to get from the supermarket giant, but I imagine the Fair Tax Mark campaign will want to show some goodwill and congratulate Tesco for their dramatic improvement.