Responsible tax

A responsible approach to tax is essential for ensuring that the value we create contributes to sustainable development worldwide.

Sustainability Report 2022

Why responsible tax practices matter

At Maersk, we recognise the need for companies to generate shared value in the local economies where they do business. Tax is one of the key financial contributions that we make towards this goal.

Well-functioning tax systems help finance education, healthcare, transport, infrastructure and other public services. These in turn create the conditions for sustainable development and inclusive trade.

Our ambition

Maersk acts responsibly and with integrity in all tax matters, ensuring full compliance in every jurisdiction across the world. We work closely with tax authorities to ensure that we fully disclose relevant information and pay the correct amount of taxes while balancing our obligations towards our shareholders.

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Responsible tax

Our targets

100%
Full public country-by-country tax reporting
100%
As an ongoing priority, we ensure full compliance with tax regulations in all countries where we operate and continue to engage in dialogue with stakeholders on tax matters.

Highlights in 2022

 2022
Dedicated Tax Report
Our 2022 Tax Report details payments in accordance with OECD Country by Country Reporting (CBCR) principles
USD 910m
Total Tax Charge
Our total 2022 tax charge compared to USD 697m in 2021, while our profits increased 62%

Priorities and actions

Maersk generates profits from ocean, air and land-based activities. Operating in more than 130 countries, we structure our business in accordance with commercial and economic needs. With such a diverse range of activities, a responsible and transparent approach to taxation is vital to our success.
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Aligning strategy with values

Our Tax Principles are annually approved by the Board of Directors and are closely aligned with our Core Values, Code of Conduct and business strategy.
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Acting on our responsibilities

We pay tax where value is created, within the boundaries set by legislation and in accordance with relevant authority guidelines. We seek to be tax efficient, including to prevent double taxation, interest charges, tax penalties, and we only pay tax which is due.
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Increasing transparency

We publicly disclose the tax we pay in key countries per region and provide full country by country reporting to the Danish tax authorities in accordance with our legal obligations.

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On The B-Team to increase tax transparency

Maersk’s Tax Principles and Tax Strategy are aligned with the seven key principles defined by The B-Team, a global non-profit initiative that advocates for business practices that positively impact climate and society.

As a founding member of the initiative, we endorse The B-Team Responsible Tax Principles, which guide us as we work to increase transparency in our approach to tax.

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Sustainability Report 2022

Explore our progress on environmental, social and governance dimensions in our latest Sustainability Report.
Sustainability Report 2022
Maersk sustainability report

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Learn more about A.P. Moller - Maersk, our values, leadership, our history and more.
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