Mercuria CSR Report 2021 - Flipbook - Page 30
FINANCIAL RESPONSIBILITY
Mercuria places great importance on fulfilling our legal and social obligation to collect and pay the
correct amount of tax in each jurisdiction we operate. We seek to exhibit best practice in timeliness and
accuracy when fulfilling our tax obligations. This highly disciplined approach is unwavering across the
thousands of tax returns our finance team file every year. Additionally, we ensure that our operations
in low-tax jurisdictions remain grounded in appropriate commercial substance and economic activities.
When specialist technical expertise is necessary, or on matters of material uncertainty, Mercuria seeks
the support from external advisers.
Mercuria strives for an open, transparent and trust-based relationship with tax authorities in all
jurisdictions we work, reflecting the first of the Group’s Guiding Principles. The efforts to achieve this
include:
•
Complying with all relevant tax legislation, regulations and obligations of each jurisdiction and
meeting all tax filings, returns and payment obligations on a timely basis;
•
Paying the right amount of tax on a timely basis; and,
•
Working collaboratively with tax authorities to achieve early agreement on material uncertainties
on a real-time basis, wherever possible.
It is pertinent to note that Mercuria does not tolerate nor support tax evasion of any kind, including
facilitation of tax evasion by any person employed or contracted to or on behalf of Mercuria.
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