Oerlikon’s tax strategy is executed in compliance with our Code of Conduct as well as all applicable laws and regulatory requirements, including those that pertain to timely completion and filing of tax returns and those related to disclosure of tax positions. We seek to have a transparent relationship with the tax authorities in the countries in which we operate and conduct tax audits as required to provide requested information in a timely manner.

The company does not engage in aggressive tax planning and does not use complex structures or offshore havens to minimize its tax liabilities. In addition, we adhere to arm’s length principles and comply with local laws and regulations for pricing of intercompany transactions.

Oerlikon’s Chief Financial Officer, a member of the Executive Committee, is responsible for all financial matters relating to operational management and is supported by a team of qualified tax professionals in support of the Group companies.