This tax strategy is published in compliance with the duty under paragraph 19(2) / 22(2) of Schedule 19 of Finance Act 2016
The approach of Essilor group to risk management and governance arrangements in relation to UK taxation:
For its operations in the UK as well as worldwide, Essilor endeavors to comply with all applicable laws and regulations and expects its directors, officers, and employees to conduct business in accordance with the letter, spirit, and intent of all relevant laws and to refrain from any illegal, dishonest, or unethical conduct.
This includes acting in collaboration with local administration and establishing a proper harmonization of the tax practices followed by all the entities of the Group. Our guidelines’ goal is to include responsible tax risk management in the Group’s business framework, as an essential element our economic and social contribution to society.
The attitude of the group towards tax planning (so far as affecting UK taxation):
Essilor considers that paying the due and fair amount of taxes as calculated with reference to existing laws and transfer pricing principles is an important element of its strategy and a way to nurture its social and economic contribution to society.
Essilor commits to pay all its required taxes in the countries where it operates. The Group is also committed to refrain from engaging in aggressive tax planning strategies.