Tax guideline
While tax laws and implementation are the government’s responsibility, companies also play an important role as taxpayers. They must comply with the law, and also ensure responsible tax treatment.
LANXESS believes that a responsible tax approach is an essential part of doing business sustainably in a robust, functioning society. We view the fulfillment of tax obligations as our commitment and obligation to society.
Our “Taxation at LANXESS” tax policy is based on the LANXESS Corporate Compliance Code and Code of Business Conduct. LANXESS has a robust governance framework based on
- the Articles of Incorporation,
- our Code of Conduct,
- our risk management system and
- our management framework, which includes Group requirements and directives.
The LANXESS tax policy aligns with our normal business practices and reflects the geographical distribution of the company's activities. In 2017, the tax reform in the United States had an extraordinary impact on income tax in the AMERICAS region.