ECCO Europe AG - UK Tax strategy – 2022 ECCO Europe AG regards the publication of this tax strategy as complying with the duty under paragraph 16(2) of Schedule 19 of the Finance Act 2016 to publish the group tax strategy in the current financial year (2022). Introduction ECCO Europe AG is a part of the ECCO Group. The ECCO group was founded in 1963 by Birte and Karl Toosbuy. The headquarters of the ECCO group is located in the town of Bredebro in south- western Denmark. The headquarters of ECCO Europe AG is located in Switzerland. The ECCO business model is rather unique within the shoe industry as ECCO owns and operates the entire value chain from “cow to customer”. The Group operates in most segments of the footwear market (Men, Women and Kids) and in selected segments of the sports shoe market (namely Golf, Outdoor and Walking). Sale of ECCO products is conducted in 2,100 shops around the world and are handled by a mix of ECCO-owned subsidiaries, joint ventures and third party distributors. Sales are made through a mix of sales channels such as wholesale and retail. Together with ECCO, ECCO Europe AG works to provide consumers with the best shoes and the best service.This is done through a network of more than 300 fully owned stores and offices in our active European markets. ECCO Europe AG is present in 24 European countries, and ECCO SALES Limited has been operating in the UK since 2021. ECCO Europe AG follows ECCO’s code of conduct which includes that “ECCO will only achieve long-term business success by demonstrating good corporate citizenship…” This is seen through ECCO’s general approach to tax, which is 100 % commitment to tax compliance everywhere ECCO operates. Risk management and governance arrangements The management of the daily tax matters are administered by Group Tax at ECCO headquarters. Group Tax reports to the VP of Group Tax, who together with the ECCO Tax Committee is responsible for the tax strategy and management of the tax risks for the ECCO group. It is the responsibility of Group Tax to ensure that ECCO is compliant in all tax matters, but also that ECCO’s business is conducted in the most tax efficient manner. Group tax seeks to be compliant to tax legislation by making sure that meets relevant deadlines in regards to payment and filing.
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