Tax Policy & Strategy reviews the formal, board-approved principles that guide how a company manages its global tax affairs - balancing legal compliance, business efficiency and societal expectations. It covers:

• articulation of the organisation’s tax objectives and risk appetite - including positions on aggressive planning, effective-tax-rate targets, use of low-tax jurisdictions and pursuit of incentives or rulings;
• delineation of governance roles and responsibilities (board, audit or tax committee, executive management, in-house and external advisers) and the oversight mechanisms that ensure accountability;
• integration of tax considerations into commercial decision-making - transfer pricing, supply-chain structuring, M&A, financing, intellectual-property management - and alignment with evolving regulations such as OECD BEPS 2.0;
• commitment to transparency and cooperative relationships with tax authorities, specifying disclosure practices (e.g., public CbCR, effective-tax-rate reconciliation) and approaches to audits and dispute resolution;
• periodic review and stakeholder communication to keep the policy current, consistent with the company’s responsible-tax posture and broader ESG objectives.