Transparency and relationships with governments
The Maersk Tax Principles have been approved by the Board of Directors and apply to all entities controlled by A.P. Moller - Maersk.
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. This means that:
- We shall disclose required information to enable the tax authorities to make an informed assessment of our tax liability.
- We shall respond to reasonable tax authority enquiries and make payment of tax liabilities within established due dates, or within a reasonable timeframe where no such due dates are established.
- Where tax authorities ask reasonable, specific and legitimate questions, we shall answer those questions in a straightforward and transparent manner.
- If questions or assessments from tax authorities appear not to be legitimate or are based on misunderstandings of fact or the law, we shall work with tax authorities where possible to identify the issues and explore options to resolve misunderstandings.
- Where relevant, reasonably requested information is not available, we shall timely inform the tax authorities and explore mutually acceptable alternatives.
- We shall work collaboratively with tax authorities to achieve early agreement on disputed issues and certainty on a real-time basis, wherever possible.
- We shall give input to public consultation by national authorities and international organisations regarding the formulation of tax policies, legislation and procedures. Such input will be given through established channels and either directly or via recognised business organisations.
- We shall disclose relevant information to the public and press where reasonable and practicable, subject to business confidentiality.
- Where third parties request additional information on our tax affairs, the Communications Department will handle these requests and evaluate whether this information can be provided.