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Tax Principles.pdf

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Preview of Tax Principles
🔗 Source: philips.com
📊 Size: 275 KB
👤 Author: Philips
⬇️ Downloads: 158

Summary

Philips supports tax transparency and responsible tax management, maintaining open dialogue with stakeholders and tax authorities. The company's tax strategy ensures compliance with local and international laws, focusing on value creation and stakeholder interests. A Tax Control Framework is in place, and the Audit Committee and external auditor review the tax strategy and controls. Philips' Transfer Pricing policies aim for arm's-length remuneration among related parties, and the company acts in accordance with tax laws and regulations, reporting income where value is created and recognizing the importance of tax in economic development.

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Description

Philips supports tax transparency and responsible tax management, maintaining open dialogue with stakeholders and tax authorities.

Technical Information

  • File Format: PDF
  • File Size: 275 KB
  • Pages: 1
  • Language: EN
  • Author: Philips
  • Total Downloads: 158
  • Last Updated: 7 days ago

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