Commitment to Transparency and Compliance in the UK 

Bayer's Approach to Tax

At Bayer, we maintain a sustainable and responsible tax strategy that aligns with our corporate governance principles. Our approach to tax is designed to ensure compliance with UK tax regulations while contributing positively to the communities in which we operate. 

Compliance
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Governance, Tax Risk Management

  • Robust Governance Framework: Bayer has established a comprehensive governance framework to effectively manage tax risks. Our tax strategy is overseen by our Board of Directors, ensuring adherence to the highest standards of corporate governance and transparency
  • Tax Compliance: We are dedicated to complying with all applicable tax laws and regulations in the UK. Our tax practices reflect our corporate values and support our business objectives, ensuring that we meet our obligations to tax authorities. 

Tax Planning

  • Sustainable Tax Practices: Our tax planning is guided by principles of sustainability and fairness. We strive to optimize our tax position while ensuring that our contributions support the communities we serve. This includes paying our fair share of taxes in the jurisdictions where we operate
  • Engagement with Tax Authorities: Bayer maintains open and constructive relationships with tax authorities. We believe that transparency and dialogue are essential for fostering trust and ensuring compliance with tax regulations 

Relationship with Stakeholders

  • Community Engagement: We recognize the importance of engaging with our stakeholders, including employees, investors, and the communities in which we operate. Our tax strategy reflects our commitment to corporate social responsibility and sustainable development
  • Local Contributions: Bayer is proud to contribute to the UK economy through job creation, investment, and tax payments. We are committed to being a responsible corporate citizen and supporting local communities. 

Bayer's approach to tax reflects our commitment to transparency, compliance, and sustainability. We strive to ensure that our tax practices align with our corporate values and contribute positively to society.