Tax Policy

The Takenaka Group will realize the Takenaka Group Management Vision by promoting “quality management” with each and every person having our Corporate Philosophy, which is the starting point of Takenaka Corporation, etched into our minds, and by practicing our Corporate Code of Conduct, which is a set of guidelines for behavior.
In order to realize this vision, we will fulfill our social responsibility and public mission as a responsible corporate citizen by paying appropriate taxes in accordance with tax-related laws and regulations prescribed in each country and locality, as well as international rules. Under our Group Message, "Dreams into reality for a sustainable future," we will act with a high level of transparency and ethics, and contribute to sustainable development in the countries and localities where we operate.

The Takenaka Group has established and is committed to a corporate governance system based on the ideas of working on efforts to improve the "quality of our overall corporate activities," earning the trust of customers and society as a whole, and enhancing our social value.
In this context with respect to tax governance, Takenaka Corporation will build a system to appropriately address tax-related issues with the managing officer who is in charge of finance being responsible for it. A network inside the Takenaka Group will also be established to share tax-related reporting and management directly or indirectly through the responsible functions at the Head Office.
In addition, the Takenaka Group will report tax-related matters as necessary to the management team, which will examine decision-making and changes in the business environment from the aspect of tax compliance. The management team will also perform tax management, such as giving directions for maintenance and improvement of tax compliance as appropriate.
We aim for appropriate daily operations by accurately complying with internal rules under administration of each function such as finance and accounting departments, and with support from external experts where necessary.
In addition, we educate and raise awareness among our employees so that they can perform their jobs in a precise manner, and we continuously cultivate tax experts and expand their numbers. We also maintain and improve tax compliance by consulting corporate and independent auditors, and liaising with an internal audit department concerning tax-related issues and prevention measures for noncompliance.

In the formulation and execution of business, the Takenaka Group will strive to optimize its tax burden by effectively utilizing preferential tax systems and other methods in each country where available in the normal course of business activities. We do not engage in any artificial or unethical behavior in order to wrongly avoid our tax burden or any conduct that may breach the legislative intent of international and domestic laws.
----We do not use tax havens.----

When tax laws are unclear, there are multiple options for interpretation, or any uncertainty is foreseen, the Takenaka Group will attempt to minimize tax risks through prior consultations with external experts and tax authorities as necessary and at an early stage.

The Takenaka Group will strive to maintain healthy relationships with tax authorities by dealing with them in a sincere manner and providing fact-based explanations. If by any chance an error is discovered in a tax declaration, it will be promptly corrected and handled in an appropriate manner.