Tripseed, a Thailand-based destination management company and People and Planet First Verified Social Enterprise, today announced that it has been awarded the Fair Tax Mark.

Tripseed is the first business operating in a single country outside the United Kingdom to secure the accreditation, and the first company in the world to be certified under the Fair Tax Foundation's newly launched National Business Standard.

The Fair Tax Mark is an independent accreditation that recognises businesses paying the right amount of corporation tax, in the right place, at the right time, and being transparent about how they do it. The National Business Standard, launched this week, is the Foundation's fourth, and opens the Mark for the first time to businesses anywhere in the world that operate within a single country.

Tripseed pursued the Mark on the argument that tax conduct is the most overlooked, and most verifiable, dimension of economic sustainability in tourism.

Ewan Cluckie, Co-founder and Chief Growth Officer at Tripseed, said: "Tourism has become very comfortable talking about sustainability, but far less comfortable talking about tax. Yet tax avoidance and opaque corporate structures are among the sector's most significant forms of economic extraction.

"If responsible tourism is serious about local benefit, then tax transparency cannot sit outside the conversation. We hope this accreditation helps open a wider industry discussion about how travel can move from good intentions to more accountable business practices."

Jaime Boswell, Head of Accreditation at the Fair Tax Foundation, said: "There's no business I'd rather be launching this new Fair Tax Mark standard with than Tripseed. They really get why fair tax is so important for the tourism industry, and for business in general, and I hope many other businesses operating in single countries around the world will follow their lead."

Tripseed has also published a three-part analysis this week on how value exits destination economies and what sustainability frameworks ask of accredited companies on tax.