Strategizing Multinational Tax Risks

As year-end is approaching, many multinationals take this opportunity to review, and revise accordingly, their global tax policies/principles.  Additionally, UK also has an requirement to publish the company’s UK tax principles, which is usually a subset of the global policy.

Global tax policies/principles are generally approved by the Board of Directors, although not an express requirement, however it is a Best Practice.

Examples include Unilever, Siemens Gamesa, Siemens, Shell, Mars and Starbucks, which are all in the public domain.

https://www.unilever.com/sustainable-living/what-matters-to-you/tax.html

https://www.siemensgamesa.com/-/media/siemensgamesa/downloads/en/investors-and-shareholders/corporate-governance/corporate-policies/corporate-tax-policy.pdf

https://assets.new.siemens.com/siemens/assets/api/uuid:49770a8e-194c-4a8a-a86c-7f4caef5423c/version:1544174457/siemens-tax-code-of-conduct-and-tax-policy.pdf

https://www.shell.com/sustainability/transparency/shells-approach-to-tax.html#

https://gbr.mars.com/about/tax-strategy

http://globalassets.starbucks.com/assets/77CB10D4E6DD403A92D568DE90148166.pdf