The ADECCO Group publishes its first report on tax transparency

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by KnowESG,

Adecco Group AG

Tax transparency report by adecco

The Adecco Group has just released its first ever Tax Transparency Report. The company will pay a total of nearly EUR 16 billion in taxes worldwide between 2019 and 2021 inclusive, and EUR 5.4 billion in 2021 alone. About half of all payments go to taxes on wages and payments to social security.

The Adecco Group has just released its very first Tax Transparency Report, which demonstrates that the company will pay a total of nearly EUR 16 billion in taxes worldwide between the years 2019 and 2021 inclusive, and EUR 5.4 billion in 2021 alone.

About half of all payments go to taxes on wages and payments to social security.

Coram Williams, Chief Financial Officer of the Adecco Group, commented: "At the Adecco Group, we believe that contributing to public finances through paying taxes responsibly is an integral part of achieving our purpose, to make the future work for everyone. For most countries, tax contributions are the main source of government funding. "

"By seeking to comply with both the letter and spirit of applicable tax laws, we ensure we pay our share so that governments can fund critical public services such as education, infrastructure and health care. As such, it represents an important part of the Group's overarching approach to ESG and one way how we as a business contribute towards the achievement of the UN Sustainable Development Goals." "In order to build trust and accountability, we want to be transparent with our stakeholders and strengthen their understanding of how we create value through the taxes we contribute, and the underlying approach we take. The result is the Adecco Group's first Tax Transparency Report."

Source: Adecco group news

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