Philips Tax Principles
+ Philips Tax Principles
Philips supports, among others, global initiatives of the Organization for Economic Cooperation and Development (OECD) and United Nations (UN) to promote tax transparency and responsible tax management, taking into account the interest of various stakeholders, such as governments, shareholders, customers and the communities in which Philips operates. To this end, and as part of Philips’ objective to continuously improve and enhance its corporate governance, Philips has formalized the following Tax Principles. These principles reflect the importance of tax in advancing local and global development.