Clariant aims at full transparency towards tax authorities with the focus on constructive dialogue and mutual trust on a long term basis and complies with the good citizen principles in the country where it operates. Disclosures of relevant facts and circumstances are made in accordance with the relevant domestic regulations. The Clariant’s corporate tax/indirect tax affairs are managed by an experienced tax team operating with full integrity.
Clariant is well aware of its duty to contribute equitable and fair tax amounts to local governments and to comply with the applicable local tax laws and rules. On the other hand, it also recognizes its responsibility towards its shareholders for maintaining tax costs at a reasonable level.
Due to constant development of tax law, Clariant strives for certainty on the material tax positions it takes and hence closely cooperates with trusted tax advisors for compliance with local tax law. Clariant aims to always comply with both the spirit and the letter of the tax law.
The tax risk management process is an integral part of the enterprise risk management. The tax risk assessment is made every year with quarterly updates, with the aim of assessing threats and opportunities that will impact the objectives set for Clariant overall, in particular with respect to financial / reputational / operational risk.
The tax policy follows business strategy and corresponds to the general accepted taxation guidelines, such as the OECD Guidelines for Multinational Enterprises, and is in line with the arm’s length principle.
Clariant’s tax strategies are regularly reviewed and supervised by the Executive Committee / Audit Committee.