In BESTSELLER, we are proud to contribute to the countries and regions in which we operate. We do this by means of tax payments and other economic contributions. We consider tax compliance and a responsible approach to tax an integrated part of our social responsibility towards societies in which we operate. Read on to learn more about BESTSELLER’s figures and policies.
Skilled work forces, effective infrastructure and opportunities presented by local communities around the world enable BESTSELLER to operate and grow our business. With a global presence, BESTSELLER recognises the reciprocal nature of these relationships and we consider tax contributions and responsible tax policies an inherent part of these relations.
A responsible business approach
In BESTSELLER, we regard ourselves as a dedicated member of the global community and we consider tax a business cost to be managed in a responsible and balanced way. Through our tax policy, we take a responsible approach to tax, managing and mitigating tax risks and complying with rules and regulations in the jurisdictions in which we operate.
We do not set up tax structures or artificial tax schemes that are intended for tax avoidance and that have no commercial or business substance. We follow the arm’s length principle and we adhere to the principles of the OECD regulations on transfer pricing.
Understanding the figures
The contribution presented here is the sum of the direct and indirect taxes generated by BESTSELLER in FY 2021/22 in the countries and regions where the company does business.
Total contribution: EUR 1,044 million
Includes VAT, employee taxes, corporate income taxes, custom duties and excise duties.
Contribution in Denmark: EUR 256 m
This corresponds to 25% of our total contribution. By comparison, Denmark accounts for 5.4% of our total turnover.