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Transparency in tax legislation compliance
Committed to tax transparency and the adoption of responsible behaviours in tax matters
In Endesa we are have a firm commitment to the adoption of responsible behaviours in tax matters and in explaining in a transparent way the information with tax content that may be of interest to third parties.
In order to do so we have tried to bring together in one unique space all of this information, making an effort each day in order to provide with greater clarity our tax position. In this section of the website we include our Tax Strategy, our Tax Risk Management and Control Policy, our commitments regarding Cooperative Compliance, the status of our principal processes of Inspection and Litigation in tax matters, the detail of our Tax Contribution, along with the conciliation of the Corporate Income Tax Expense and, in general, all of the tax information of both a financial and non-financial nature of the company.
The divulgence of the details of the Tax Contribution in the distinct jurisdictions in which Endesa operates, underlines the importance that Endesa gives to issues of a tax nature, to its role in society and, in general, to the transparency as a factor that promotes the development of our model of sustainable leadership. Currently, the tax burden supported by the electric sector is especially elevated due to the multitude of taxes of a State, Provincial and Municipal nature linked to our activity, which introduces even further complexity in the system and requires a greater effort to explain and enter into specifics from our side.
Since last year we have been publishing a Tax Transparency Report in our website that we understand will help to reinforce our commitment to transparency.
We continue along the path to improve the information provided, over and above that required in order to comply with legal requisites, enabling our tax positions to be easily understood by any interested party, which we understand generates value for the company.
We believe firmly in Transparency as one of our values and in the continual improvement as a part of our daily commitment.