Tax
For Heimstaden Bostad, it is important that tax is paid in the country where value is created, in due time and in accordance with local tax rules.
Heimstaden Bostad views tax as a social responsibility in the context of funding communities and proper management can reduce business risks and fulfil our legal and stakeholder obligations.
Being a multinational group, it is necessary to fulfil the operational business activities in the jurisdictions where Heimstaden Bostad is active. However, harmful tax planning goes against the ethical values and principles of Heimstaden Bostad. By harmful tax planning we mean any strategies used by individuals or companies to reduce their tax liabilities in ways that, while often legal, contradict the intent of the law. These practices typically exploit loopholes or mismatches between different tax systems, leading to outcomes like double non-taxation or double deductions. Such practices can undermine the fairness of tax systems, distort competition, and result in significant revenue losses for governments. As a consequence of the corporate structuring of Heimstaden Bostad and its operations, careful monitoring of transfer pricing is an integral part to ensure compliance with local laws and to mitigate negative impact on the tax footprint of Heimstaden Bostad.