Responsible Taxation
The company contributes to sustainable development by paying taxes responsibly in the countries where it operates, thereby supporting their economic, social, and cultural development. In line with this commitment, Cox pays its taxes according to principles of responsibility and efficiency, aiming to avoid significant risks and potential future conflicts.
In 2024, Cox’s total tax contribution amounted to €71.5M, representing 10.2% of its revenue. This means that for every €100 of revenue, Cox dedicates €10.20 to tax payments.
Tax Strategy
One of the fundamental principles of Cox’s fiscal strategy is ensuring compliance with applicable regulations. This involves applying due diligence to guarantee that the company fulfils all legal and regulatory requirements in every country where it operates.
The company’s values of honesty, integrity, efficiency, transparency, and the professionalism of its employees, executives, and directors are essential to maintaining its reputation and success.
Cox’s tax policy, approved by the Board of Directors, aligns with its business strategy and is based on complying with the tax regulations in the jurisdictions where it operates, and paying taxes responsibly and efficiently, while creating value for shareholders. It is based on a number of basic guiding principles in tax matters.
Learn more about our policies by clicking here.
