In today’s competitive business world, tax transparency and business ethics are essential for building a solid reputation and gaining the trust of investors, customers, and stakeholders. In this context, leading companies such as Endesa, Global Exchange, Siemens Gamesa, and Iberdrola have demonstrated their commitment to tax compliance and business ethics, and a key element that has contributed to their success is the Tax Control Framework (TCF).
Endesa: Tax Transparency and Fiscal Responsibility with TCF
As a prominent figure in the energy sector, Endesa has been recognized as the top company in the Ibex 35 for fiscal responsibility and transparency. Their unwavering commitment to tax transparency is reflected in their robust fiscal control framework and compliance culture. The TCF has been a fundamental pillar for their sustained success in this field.
The effective implementation of the TCF allowed Endesa to structure and optimize its fiscal processes, ensuring transparency and accountability at every step. Furthermore, it laid solid foundations for risk management and compliance, contributing to achieving fiscal compliance in accordance with the UNE 19602 standard.
Global Exchange: Business Ethics and Crime Prevention with TCF
As the world’s leading currency exchange group in international airports, Global Exchange has obtained dual certification from AENOR in compliance, including Tax Compliance (UNE 19602). The TCF has been crucial in demonstrating due diligence in the fiscal realm and promoting a culture of crime prevention.
The TCF has assisted Global Exchange in establishing surveillance and control measures that enhance management and reduce criminal risk. This has reinforced the organization’s confidence and security with regulatory bodies, suppliers, and financial institutions.
Siemens Gamesa: Clear Rules and Compliance Culture with TCF
The leading company in the energy sector has been a pioneer in obtaining AENOR certification for UNE 19602 tax compliance. The TCF has been a fundamental pillar for establishing clear rules in all processes related to the fiscal function.
Internally, the TCF has strengthened employees’ awareness of the importance of tax compliance. Externally, it has sent a clear message to the market and stakeholders about their commitment to corporate governance and business ethics.
Iberdrola: Commitment to Tax Compliance and Business Ethics
Another leader in the energy sector, Iberdrola, has stood out for its commitment to tax compliance and business ethics. Like Siemens Gamesa, it has obtained AENOR certification according to UNE 19602 tax compliance standards. The TCF has been crucial in establishing clear rules in all processes related to the fiscal function and strengthening a culture of compliance within the organization.
Internally, the TCF has contributed to employees understanding the importance of tax compliance. Externally, it has reinforced its reputation as a company committed to tax transparency and business ethics.
eDIMI: Your Partner in Business Excellence and Tax Compliance
These companies are clear examples of how the Tax Control Framework is an essential cornerstone in building responsible and ethical companies that are leaders in tax compliance and business ethics.
If you aspire to elevate your company to this level, we invite you to discover eDIMI, the best tool for protecting your organization from tax risks and achieving Cooperative Compliance agreements.
Sources:
- https://www.lavanguardia.com/economia/20230619/9051578/endesa-revalida-liderato-ibex-responsabilidad-transparencia-fiscal-ranking-fundacion-haz.html
- https://cincodias.elpais.com/cincodias/2020/07/05/legal/1593977015_839957.html
- https://www.rrhhdigital.com/secciones/empresa/158119/Que-empresa-recibe-dos-certificaciones-que-acreditan-su-compromiso-con-las-buenas-practicas/