Tax planning and risk appetite at Schréder Our tax planning aims to support the business
Our transactions comply with the arm’s length principles and OECD standards Schréder follows the OECD guidelines and local transfer pricing regulations when entering into intercompany transactions to ensure that the transactions follow the arm’s length principles. For similar intercompany transactions involving Schréder’s entities, the Group intends to use a consistent intercompany pricing methodology considering both parties to the transaction.
We do not seek abusive tax outcomes that are contrary to the spirit and intent of the law Tax incentives and tax efficiency opportunities are only used when they reflect the economic substance of the concerned legal entities and are only implemented where there is, at least, a “more likely than not” level of confidence that our position taken will be upheld on audit by the tax authorities. Schréder does not take advantage of tax incentives, reliefs and exemptions for purposes that are knowingly contrary to the intent of the law, or to avoid tax presence in the jurisdictions in which it operates. It also does not purchase pre-engineered tax planning solutions or engage in artificial or aggressive tax planning that lacks economic substance.
Schréder uses tax planning as a tool to support the business and commercial strategy and to ensure that the amount of tax paid is fair and in line with the Group’s business model. Schréder’s tax team only proposes tax solutions that are relevant and tailored to the reality of business needs, advising on appropriate tax treatments and identifying legally available tax efficiencies. Furthermore, Schréder’s tax team also closely monitors the rapidly evolving international tax landscape and aims to proactively comply with new tax legislation which is currently being implemented following EU and OECD directives.
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