Responsible tax
A responsible approach to tax is essential for ensuring that the value we create contributes to sustainable development worldwide.
Why responsible tax practices matter
At Maersk, we recognise the need for companies to generate shared value in the local economies where they do business. Tax is one of the key financial contributions that we make towards this goal.
Well-functioning tax systems help finance education, healthcare, transport, infrastructure and other public services. These in turn create the conditions for sustainable development and inclusive trade.
Our ambition
Maersk acts responsibly and with integrity in all tax matters, ensuring full compliance in every jurisdiction across the world. We work closely with tax authorities to ensure that we fully disclose relevant information and pay the correct amount of taxes while balancing our obligations towards our shareholders.
Our targets
Highlights in 2023
Priorities and actions
Aligning strategy with values
Acting on our responsibilities
Increasing transparency
Featured highlights and case stories
On The B-Team to increase tax transparency
Maersk’s Tax Principles and Tax Strategy are aligned with the seven key principles defined by The B-Team, a global non-profit initiative that advocates for business practices that positively impact climate and society.
As a founding member of the initiative, we endorse The B-Team Responsible Tax Principles, which guide us as we work to increase transparency in our approach to tax.
Tax Report 2023
We strive to be a compliant and accountable taxpayer in all countries where we operate, contributing to those countries’ welfare.
Since 2020, we have publicly disclosed the tax paid by Maersk in key countries in our annual Tax Report which covers approximately 92% of all corporate taxes, in accordance with OECD Country by Country Reporting (CbCR) principles. To increase transparency even further, in 2023 we are disclosing our full CbCR for all countries where we operate.
Sustainability Report 2023
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