Through an approach based on ethics and integrity, and putting right and wrong over profit and loss, we are striving to ensure thorough compliance, with the aim of building an enterprise trusted by all our stakeholders.
The Hitachi High-Tech Group is cognizant that ensuring tax transparency is a part of its corporate social responsibility and it is addressing the below matters:
Compliance with laws and regulations
The Hitachi High-Tech Group complies with tax laws and regulations in all countries and regions where it conducts business, it further conforms to standards and guidelines published by OECD and other such organizations, and it pays the proper taxes in observance of the spirit of those laws and regulations.
The Group does not make improper use of tax havens or countries with low tax burdens or improperly use tax structuring for the purpose of tax avoidance and contributes to the economic development of all countries and regions where it conducts business by fulfilling its duties as a responsible tax payer. With regard to transactions within the Group, it implements management of transfer pricing in accordance with OECD transfer pricing guidelines and the transfer pricing tax systems in the countries or regions where the companies are located.
Relations with tax authorities
The Hitachi High-Tech Group strives to build, maintain, and develop honest and positive relations with the tax authorities in all the countries and regions where it conducts business. The Group further maintains healthy and sound relations with tax authorities and does not engage in the provision of improper benefits.