Fair tax allocation
The OECD Guidelines for Multinational Enterprises set standards for responsible business conduct across a range of issues and is one of the guidelines Elopak support and include in our sustainability approach. The OECD Transfer Pricing Guidelines provide guidance on “the arm’s length principle”, which represents the international consensus on the valuation of cross-border transactions between associated companies.
In order to secure a fair allocation of taxable income in the jurisdictions where Elopak has activities, we base our transfer price approach on the OECD guidelines.
During 2023 we will formalize our approach in a new tax policy document.