By pursuing a transparent and responsible tax strategy

GrandVision pursues a transparent and responsible tax strategy across all countries in which it is present.

 

Our tax strategy is in line with our corporate values and ambition which includes enhancing socio-economic development in the communities we operate in and delivering a positive impact in a sustainable and ethical way. Additionally, it aligns the long-term interests of all stakeholders, including shareholders, governments and communities. We do this by embedding tax implications in business processes where and when they originate. Even the smallest shifts in the way the business operates, whether it be in new products, services, digitalization or use of technology, can have implications on our national and international tax positions. Our tax strategy is designed to navigate these complexities and ensure we pay the right amount of tax and comply with all legislations.

 

The principles of our tax strategy are as follows:

  • Be compliant at all times
  • Pay the right amount of taxes across the value chain in the jurisdictions in which we are present and where value is created
  • Reflect tax implications from business activity accurately in company records in real time at an entity level

 

GrandVision's four tax pillars

 

Read more in our 2018 Annual Report: By pursuing a transparent and responsible tax strategy