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.

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

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.

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 above.