A responsible tax policy aligned with our business activities
The Group is committed to exemplary tax conduct in all the countries where it operates, in keeping with the fundamentals of its culture. This conduct is based on seven key principles.
FRANCE – The Étoile eco-neighbourhood, developed by UrbanEra, Bouygues Immobilier’s Major Urban Projects division, on almost 20 hectares around Annemasse’s railway station.
1. Geographical operations strategy
The Group’s decision to establish operations in a particular country is determined by its desire to develop the best products and services and to serve its clients in that country as well as possible. The Group may therefore be present (albeit marginally) in countries viewed as preferential tax jurisdictions. This strategy is driven exclusively by commercial objectives.
2. Fiscal citizenship
The Group does not have an aggressive tax policy. This means it only carries out transactions that have a strictly commercial motivation and are not artificial. The entities used are not based on tax optimisation schemes. The Group pays a substantial amount in taxes and duties both in France and abroad.
3. Compliance with legal requirements and tax laws
To this end, the remit and resources of its tax management are structured so as to achieve perfect compliance with evolving regulations in countries where the Group operates.
4. Compliance with OECD principles
Intra-group transactions, which are detailed in the transfer pricing documentation, are limited within the Group. They are priced in line with the “principle of free competition” enshrined in OECD recommendations and by the European Union.
5. Relations with local tax authorities
The Group strives to build and maintain constructive relations with local authorities based on mutual respect. In France, Bouygues has joined the tax partnership with the Ministry of the Economy and Finance to consolidate coordination with the tax authorities and secure strategic tax risks and challenges. The Group pursues a similar approach with the tax authorities in other countries.
6. Managing tax risk
Tax management seeks to eliminate, to the extent possible, the risk arising from uncertainty or complexity in interpreting laws and regulations, and to defend the Group’s interests while respecting the spirit and letter of the texts and the objective sought by the legislator.
7. Governance
This tax policy is set out at the level of Bouygues SA and has been brought to the attention of the Group’s Audit Committee and Board of Directors. The Chief Executive Officers and Chief Financial Officers of Group entities, assisted by their tax teams, implement this policy locally. Each year, the correct application of this policy is reviewed by internal control and, where relevant, by internal audit.
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