Tax principles

The Maersk Tax Principles have been approved by the A.P. Moller - Maersk Board of Directors and apply to A.P. Møller - Mærsk A/S and all controlled entities.

1. Good corporate citizenship

We shall observe Maersk values, act with integrity and maintain good corporate citizenship in handling the tax affairs of Maersk by complying with applicable regulations, acting in an upright manner towards public authorities and paying taxes as required by law.

Detailed guidelines for implementation have been issued, which can be referenced via this hyperlink.

2. Transparency and relationships with governments

We recognise that our various stakeholders have an interest in receiving appropriate insight into Maersk's management of its tax affairs. We shall comply with all our disclosure requirements and will as appropriate contribute to increase public understanding of the tax system.

  • We shall disclose all required information to enable the tax authorities to make an informed assessment of our tax liability.
  • We shall disclose information to the public and press upon request where reasonable and practicable, subject to business confidentiality.
  • Maersk will explain its policies and economic contribution via taxes paid in selected jurisdictions in which it operates through statutory and voluntary disclosures.
  •   Company overview 2016 (PDF)
  • Payments to governments 2016 (PDF)
  • Annual Report 2016 (PDF)
  • Sustainability Report 2016

Detailed guidelines for implementation have been issued, which can be referenced via this hyperlink.

3. Value creation for shareholders

Within the boundaries set by legislation and practice, we shall support value creation for shareholders by improving profits and cash flow through effective management of tax risks, costs and payments and tax-efficient implementation of major transactions and corporate structure.

Detailed guidelines for implementation have been issued, which can be referenced via this hyperlink.

4. Responsibility for tax governance

The Board of Directors of A.P. Moller - Maersk approves general tax principles and exercises governance over corporate tax affairs through regular updates on our tax positions.

The Management Board approves the Maersk Tax Principles based on the recommendation of the A.P. Moller - Maersk CFO. The A.P. Moller - Maersk CFO is responsible for the formulation and implementation of the Maersk Tax Principles.

Detailed guidelines for implementation have been issued which can be referenced via the hyperlinks below.

Detailed guidelines for implementation have been issued, which can be referenced via this hyperlink.

Our commitment to the B Team Responsible Tax Principles

During 2017, A.P. Moller - Maersk participated in a working group convened by the B Team, an international not-forprofit initiative, to develop a set of principles for responsible tax management.

The working group, consisting of tax professionals from leading multinational companies, has developed a set of ambitious yet practical principles that define what we mean by responsible tax. They cover a company’s basic approach to tax, its engagement with authorities and others regarding tax affairs, and its reporting to stakeholders. The principles were developed in consultation with representatives from international civil society organisations that work on responsible tax issues.

We appreciate the leadership and support by the B Team in this process. The B Team Responsible Tax Principles were launched early in 2018, and as a founding signatory, A.P. Moller - Maersk is pleased to endorse the principles.

We are committed to following the principles and to sharing our experiences with other companies and stakeholders.

The B Team Responsible Tax Principles are available via the B Team website.