{"id":3189,"date":"2020-12-21T09:46:37","date_gmt":"2020-12-21T08:46:37","guid":{"rendered":"http:\/\/leo-foundation.org\/en\/?p=3189"},"modified":"2020-12-21T13:40:58","modified_gmt":"2020-12-21T12:40:58","slug":"the-leo-foundation-joins-principles-of-responsible-tax-behavior","status":"publish","type":"post","link":"https:\/\/leo-foundation.org\/en\/2020\/12\/21\/the-leo-foundation-joins-principles-of-responsible-tax-behavior\/","title":{"rendered":"The LEO Foundation joins principles of responsible tax behavior"},"content":{"rendered":"\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"text-cols text-cols-columns-1 text-cols align\" data-block_5f893bb3d5f88>\n  \n\n<div class=\"wp-block-group is-style-pattern-leo-top-bottom\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<p>21 Dec 2020<\/p>\n\n\n\n<p><strong><strong><strong>Six Danish foundations and associations will from January 2021 join the Tax Code of Conduct developed by a group of institutional investors in 2019 for purposes of promoting responsible tax behavior in Denmark and abroad.<\/strong><\/strong><\/strong><\/p>\n\n\n\n<p>From 1 January 2021, the LEO Foundation, Novo Holdings, the Lundbeck Foundation, the Villum Foundation, the Velux Foundation and Realdania join the Tax Code of Conduct developed by ATP, Industriens Pension, PensionDanmark and PFA.<\/p>\n\n\n\n<p>The Tax Code of Conduct contains a common set of principles and recommendations for responsible tax behavior regarding unlisted investments made via external asset managers.<\/p>\n\n\n\n<p>After the recent additions, the Tax Code of Conduct has been adopted by 17 investors &#8211; 11 pension companies and six foundations and associations.<\/p>\n\n\n\n<p>The core tax principles are:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>As investors we do not tolerate aggressive tax planning<\/li><li>As investors we encourage external asset managers to adopt their own tax policies<\/li><li>External asset managers must monitor and manage relevant tax-related risks responsibly<\/li><li>As investors we encourage transparency concerning taxes<\/li><li>As investors we reserve the right to request additional reporting and to make spot checks to verify that external asset managers are not practicing aggressive tax planning<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-leo-link\"><a class=\"wp-block-button__link\" href=\"https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2020\/12\/Tax-Code-of-Conduct-ENG-Dec-2020.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Tax Code of Conduct<\/a><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-primary-coal-color has-primary-peach-background-color has-text-color has-background\" href=\"https:\/\/leo-foundation.org\/en\/ownership\/investments\/#responsible-investments\" target=\"_blank\" rel=\"noreferrer noopener\">Learn more about our strategy for responsible investments<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:37px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<\/div>\n\n<style type=\"text\/css\">\n  [data-block_5f893bb3d5f88] p {\n    column-count: 1;\n    column-gap: 30px;\n  }\n<\/style>\n\n\n<div class=\"text-cols text-cols-columns-1 text-cols align\" data-block_5f893bfad5f89>\n  \n<\/div>\n\n<style type=\"text\/css\">\n  [data-block_5f893bfad5f89] p {\n    column-count: 1;\n    column-gap: 30px;\n  }\n<\/style>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":3207,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The LEO Foundation joins principles of responsible tax behavior<\/title>\n<meta name=\"description\" content=\"The Tax Code of Conduct contains a common set of principles and recommendations for responsible tax behavior.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leo-foundation.org\/en\/2020\/12\/21\/the-leo-foundation-joins-principles-of-responsible-tax-behavior\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The LEO Foundation joins principles of responsible tax behavior\" \/>\n<meta property=\"og:description\" content=\"The Tax Code of Conduct contains a common set of principles and recommendations for responsible tax behavior.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leo-foundation.org\/en\/2020\/12\/21\/the-leo-foundation-joins-principles-of-responsible-tax-behavior\/\" \/>\n<meta property=\"og:site_name\" content=\"LEO Foundation\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-21T08:46:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-21T12:40:58+00:00\" \/>\n<meta property=\"og:image\" 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