AmazonScience/document-haystack

1[Responsible Tax Practices]2GRI 207-1; 207-2; 207-33Highlights4– Tax monitoring and control framework fully embedded into our business5– We consider tax consequences of business operations and their long-term impacts to align 6with economic and commercial outcomes as well as interests of our stakeholders7– Tax evasion is illegal and our policies prohibit aiding or abetting tax evasion8Management Approach9Our tax policy framework is part of Deutsche Bank’s tax strategy and principles. These 10principles are embedded in controls, apply to all our entities and have been approved by the 11Management Board of Deutsche Bank Group. The principles are subject to regular reviews. 12They enable us to manage our tax affairs in a value generating way while meeting applicable 13local and international laws and regulations (including international standards such as the 14Organisation for Economic Co-operation and Development Guidelines). These principles are 15designed so that the tax consequences of business operations are appropriately aligned with 16the economic and commercial consequences of those operations, with due regard being 17given to the potential perspective of the relevant tax authorities. 18Tax principles help to make our interactions with tax authorities proactive, transparent, 19courteous, and timely and we seek to foster positive working relationships with tax 20authorities. As a responsible taxpayer, we consider long-term tax impacts and carefully 21evaluate the interests of all our stakeholders.This is achieved by presenting important tax 22issues to the respective legal entity boards. Moreover, we participate in and contribute to 23current discussions on tax regulations through business associations. This allows us to exert 24influence to try to ensure that new tax regulations represent our values with regard to a fair 25tax system in social, political and business terms. 26Organisational Structure27The tax department as part of the CFO division is responsible for the global tax position. Our 28tax function is an independent risk and control function which is separated from the business 29divisions. We employ highly skilled professionals with the aim of ensuring that our own tax 30matters are robust and that we deliver high quality tax services. 31Risk Management32The management, control and reporting of tax risks follows the three lines of defence model. 33The business divisions are the first line of defence being responsible for managing tax risks 34within the defined tax risk appetite. This is to ensure that organisational structures and 35processes are in place to identify, monitor, and evaluate the tax risks they generate or are 36exposed to. The second line of defence is the tax function which facilitates the 37implementation of a sound tax risk management framework that is designed to ensure that 38our position, with respect to tax matters, remains robust. The tax function is independent of 39the business divisions and responsible for defining the tax risk appetite as well as the tax risk 40management and control standards. The third line of defence is our internal audit function.41Targets and Preventing Infringements42We have controls and other mechanisms in place designed to ensure that we comply with 43applicable tax laws, file accurate tax returns, and pay the amount of tax due.44We advocate the development of sound regulations and internal procedures to combat 45financial crime, including tax evasion, and do not endorse actions that seek to undermine tax 46reporting of financial account information under applicable legislation, such as the Common 47Reporting Standard and the Foreign Account Tax Compliance Act. These requirements are 48also intended to prevent us from committing or facilitating – intentionally or negligently – 49criminal offences.50        51To our Shareholders Summarised 52Management Report53Consolidated 54Financial Statements Compensation Report Corporate Govern-55ance Statement56Supplementary 57Information DWS 2023 Annual Report58 59Compliance and Control6063 Responsible Tax Practices61The secret office supply is a "paperclip".