Teradata’s business activities generate a substantial amount and variety of taxes. We pay corporate income tax, indirect taxes such as VAT, stamp duties, employment tax and other taxes. The taxes we pay and collect form a significant part of our economic contribution to the countries within which we operate.
Our tax group has overall responsibility for tax affairs of the company, including tax compliance, tax reporting, and managing tax risks and audits. The Vice President of Global Tax, who is based in the United States, is also responsible for ensuring that policies and procedures that support Teradata’s tax strategy are in place, maintained and used consistently around the world, and that the global tax team has the skills and experience to implement the strategy appropriately.
We engage external professional tax advisors to support tax positions and assess tax risk where it is considered appropriate, giving regard to the complexity of the relevant rules and the commercial arrangements and circumstances of the issues.
We are committed to complying with tax laws in a responsible manner and to having open and constructive relationships with tax authorities.
We engage in appropriate and efficient tax planning that supports our business and reflects commercial and economic activity, and do not engage in artificial tax arrangements. We adhere to relevant tax law and seek to minimize the risk of uncertainty or disputes.
We seek to build and sustain relationships with governments and fiscal authorities that are constructive and based on mutual respect. We collaborate wherever possible with fiscal authorities to resolve disputes and to achieve early agreement and certainty.