CAREERS Fugro SERVICES YOUR INDUSTRY MEDIA CENTRE INVESTORS CONTACTS ABOUT FUGRO ABOUT FUGRO SUSTAINABILITY TAX Over recent years, taxation has become a topic of societal debate. Fugro believes a responsible approach to tax is an integral part of doing business sustainably. Fugro recognises that tax is both a cost of doing business, but also a contribution to the countries in which it operates.The management of tax affairs by multinationals is an area of international debate. There is also interest in how Fugro makes decisions about tax. Tax principles Fugro has adopted the following set of global tax principles. We believe these principles illustrate good corporate practice in the area of tax management and tax transparency, balancing the interests of various stakeholders, including clients, investors and the governments and communities in the countries in which we operate. 1. A True Business Partner Tax within Fugro is considered an integral part of the business. The tax function within Fugro supports the company in achieving its business strategy and corresponding financial objectives. This support takes place within the boundaries of legal and tax frameworks. 2. Compliance Fugro will seek to act in accordance with global tax laws, disclosure requirements and fiscal obligations. We aim to comply with the spirit as well as the letter of the law. 3. Corporate social responsibility Fugro recognises that tax is both a cost of doing business, but also a contribution to society; this is a fundamental part of our corporate social responsibility towards a wide range of stakeholders. 4. Relationships with governments and tax authorities Fugro will continue to develop and maintain appropriate professional relationships with tax authorities by complying with fiscal reporting requirements and responding to enquiries in a complete, transparent and timely manner. 5. Business decisions With the significant nature of global operations, the tax function within Fugro will give support and value to the business by providing timely and up to date tax advice such that commercial decisions can be made whilst understanding the tax risks and costs. 6. Financial statements Fugro will ensure that the tax consequences of company transactions are correctly reflected in the financial statements. 7. Structure Fugro manages its tax affairs, including optimization thereof, in ways that have operational, commercial and legal substance and thus follow the real business structures of the group. SUSTAINABILITY Sustainability commitment and approach ESG ratings Sustainability targets Fugro’s responsible vessel recycling Long-term value creation model Material topics Code of conduct Tax Tax strategy Make an investor enquiry Contact us LinkedIn YouTube Twitter Facebook Instagram RSS © Fugro 2021 Privacy notice Cookie policy Disclaimer Global purchase order terms and conditions