UK Tax Strategy
The Fujitsu UK Tax Strategy applies to Fujitsu Services Holdings PLC and its subsidiaries, and all other subsidiary companies of Fujitsu Limited, whether directly or indirectly held, that have been incorporated in the UK (together referred to as Fujitsu UK). This document, approved by the Board / senior management of each entity of Fujitsu UK, sets out the strategic tax objectives and approach adopted when conducting tax affairs and dealing with tax risk.
Fujitsu UK's tax strategy is aligned with the Fujitsu Europe Tax Policy and Fujitsu Europe Tax Risk Management Policy which are reviewed annually. The Head of International Finance and the Europe Head of Tax are responsible for management of the tax affairs of Fujitsu Europe1. The Fujitsu subsidiaries which are located in the UK but not part of the Fujitsu Europe have adopted the Fujitsu Europe Tax policies to the extent that these are mentioned below in this document. This strategy is effective from the date of publication until it is superseded.
Fujitsu Europe Tax Policy
Fujitsu Europe believes that effective tax governance represents an opportunity to integrate tax into strategic planning in order to build corporate value for the benefit of shareholders and other stakeholders.
The impact of tax on earnings and the director's duty to maximize shareholders value are recognised together with Fujitsu's Global Business Standards ('Fujitsu Way') and Fujitsu´s approach to tax matters which was published in Sustainability Report 2020. Fujitsu UK recognises that it is, first and foremost, a member of society, not just an organisation. As a responsible member of society, Fujitsu UK conducts its tax affairs based on the principles of regulatory compliance, sound ethics and integrity, in order to preserve and enhance the company´s reputation.
Within the Fujitsu Europe Tax Policy, we set out the principles of tax strategy and tax planning and we define the Fujitsu Europe Tax team's role in putting these objectives into practice in daily business routine.
The main aim of the tax strategy is to reflect and to support business and commercial strategy by complying with the tax laws, ensuring a sustainable tax rate and mitigating tax risks in a timely and cost efficient manner.
1)Fujitsu Europe consists of Fujitsu CEE Region and Fujitsu NWE Region