UBS ESG Presentation Deck
Our approach to tax matters
UBS Code of Conduct and Ethics
I'm
We pay and report all taxes due. We report information
relating to our own tax position and that of our clients and
employees as required. We will not help our clients or any
other party avoid paying the tax that they owe or reporting
their income and gains, nor will we support any transactions
where we know or shall presume that the tax outcome is
dependent on unrealistic assumptions or the hiding of facts.
We will also not contract with third parties that provide
services for or on our behalf, where those acts help others to
evade taxes owed
Every employee is required to read and affirm his or her
commitment to following the Code of Conduct and Ethics
on an annual basis
UBS Refer to our separate "Our approach to tax matters", publication for further information
Five key Principles
1. UBS will fully comply with tax laws in a principled manner;
2.
UBS will manage its tax affairs in a manner which is consistent with
maximizing long-term shareholder value;
3.
UBS will maintain transparency and seek a mutually beneficial relationship
with tax authorities;
4. UBS will refrain from promoting or engaging in transactions, products or
services that lack a commercial purpose; and
5. UBS will submit all tax sensitive transactions to additional scrutiny.
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