Responsible tax policy

Responsible tax policy

Description

Society expects us to pay our fair share of tax and to never facilitate tax evasion for our clients. Our tax policy sets out how we define responsible tax behaviour for the entire bank, regarding our own affairs as well as our dealings with clients.

Value created

  • We amended our tax principles and tax policy in 2016, emphasising our social responsibility.
  • Employees are trained on how to assess clients from a tax perspective.

For more information about the amount of tax we pay in each country in which we have operations, please see our 2016 Annual Financial Statements, note 10 Income tax expense, tax assets and tax liabilities.