16 May 2019
Responsible tax practices help us stand out amongst Denmark’s top companies, says a survey by Danish financial newspaper Økonomisk Ugebrev.
Ørsted is the only Danish company to report voluntarily on how much tax it pays in each of the countries it operates in. That has helped it rank number one for responsible tax practices among the top 100 Danish companies across sectors including energy, finance, transportation and industrials, according to an annual survey by Danish financial newspaper Økonomisk Ugebrev.
The survey scored companies for their tax performance in categories such as governance, disclosure on tax havens, country-by-country reporting, and alignment with the UN Sustainable Development Goals (SDG).
“There’s a public perception and political debate that multinational companies don’t pay their fair share of tax,” says Karl Berlin, Head of Tax at Ørsted. “Ørsted is a complex business operating in many jurisdictions and dealing with large sums of money.