Sunrise Medical is committed to operating with the highest ethical standards, including a responsible approach to our tax obligations.
Sunrise Medical is operated and governed in accordance with its code of conduct “Do The Right Thing”. We seek to conduct our business to the highest ethical standards including our approach towards our tax obligations.
Our attitude towards tax risk management is straightforward; we do not engage in any tax arrangements or activities which would be seen as aggressive or unduly biased to attain a particular result for tax purposes.
In the event that through our efforts to grow or otherwise operate the business there is uncertainty in tax law, practice or customs we seek independent advice from highly regarded professional tax advisory firms.
We will not enter into arrangements or business practices purely for tax purposes. Although we seek tax efficiencies we only do so after considering the commercial goals we are aiming for. Any implemented tax efficiencies are not contrived or artificial in nature.
We welcome the OECD’s Base Erosion and Profit Shifting initiative (BEPS) and the greater transparency it aims to bring to the tax regime both in the UK and globally. As a global business our group companies continually interact. All transactions between our companies are undertaken on an arm’s length basis in accordance with OECD transfer pricing principles. We regularly revisit this area to ensure that as our business evolves so does our approach to tax planning.
In all communications, both internally and externally, we are committed to treating others respectfully and this includes our dealings with all Tax Authorities.
We engage Tax Authorities with openness and honesty aiming to work together to attain a fair and legally compliant result. We want to pay our fair share of tax and will always seek to abide by current laws and practices globally. We strive to behave in an ethical and transparent way, avoiding any risk to our strong reputation with all Tax Authorities that we deal with, the wider business community and ultimately the general public.
The Vice President of global tax is responsible for the group’s tax affairs with ultimate approval for all tax related matters decided at Board level.
We engage professional advisers and auditors to review all financial reporting including tax figures reported in our annual financial statements.