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IHI Group Global Tax Policy

The IHI Group enacts the Global Tax Policy in accordance with “Basic Code of Conduct for the IHI Group”, for the purpose of developing global tax compliance, and aims at growing sustainably and enhancing corporate value over the future.
 

1. Respect for The rule of law

The IHI Group observes the laws and ordinances on taxes of each country or region based on a clear understanding of their meaning. The IHI Group also acts sincerely and fairly with high ethical standards so that it does not violate social rules or international norms.

2. Transfer Pricing

The IHI Group, by assessing transfer pricing in accordance with the laws and ordinances of each country or region and The International Transfer Pricing Guidelines, is committed to appropriately allocating income commensurate with the contribution of each Group company and to making proper tax payment in each country and region.

3. Tax Planning

The IHI Group does not engage in tax planning for the purpose of tax avoidance.

4. Relationship with The tax authorities

The IHI Group, by providing information in the course of tax administration procedures and tax audits appropriately and in a timely manner, strives to maintain a sound relationship with the tax authorities of each country or region.

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