news and press News a.s.r. joins Tax Governance Code for greater tax transparency
News Utrecht 18 May 2022 09:00 EU/Amsterdam

a.s.r. joins Tax Governance Code for greater tax transparency

Today, a.s.r. has, together with 39 large Dutch internationally operating companies, endorsed the new Tax Governance Code. This code, created by VNO-NCW, provides insight into the tax position of companies and the contribution they make to society.

The aim of this new Tax Governance Code, drawn up in consultation with trade unions, NGOs (non-governmental organisations), tax experts and scientists, is to create a transparent system in which tax policy supervision and accountability are guaranteed.

Elements of the code are that member companies pay the correct amount of tax and that they provide insight into their tax payments per country, the use of tax benefits and their presence in tax havens.

Jaco den Boer, Manager Group Tax bij a.s.r.: ‘We endorse the code, which is in line with the tax policy of a.s.r. This policy, which we publish annually, also contains an overview of the tax payments we make to the tax authorities.’

The Tax Governance Code is based on the principle of 'comply or explain'. Companies apply the agreements in the code and if they cannot or cannot yet comply with them, they will explain why. In this way, stakeholders and other interested parties gain much better insight into the tax position of companies and the contribution they make to society.

a.s.r. is one of 39 companies that support this code. Other participants include Philips, Aegon, Jumbo Supermarkets, Ahold Delhaize, Randstad, Royal A-ware Food Group, Akzo Nobel, Unilever, Rabobank, ASML, Van Lanschot Kempen, NN and KLM.

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