Regulatory Filings • Sep 28, 2023
Regulatory Filings
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Press Release
✓ Infrastructure and mobility company is only Italian entity to be accredited
Rome, 28 September 2023 - Mundys's ongoing commitment to tax transparency has resulted in receipt of a Fair Tax Mark from the Fair Tax Foundation for the second year running. This award from the independent, UK-based not-for-profit organization, which encourages international companies to adopt a fair and transparent approach to taxation, means that the infrastructure and mobility Group is once again this year the only Italian firm to be accredited.
Accreditation is further confirmation of Mundys's commitment to sustainability and transparency, including with regard to taxation. In 2023, the infrastructure and mobility company published the second edition of its Tax Transparency Report, setting out the tax contributions of all the asset companies in the jurisdictions in which we operate (based on Total Tax Contribution methodology) and providing information on taxes paid and those withheld and passed on to the various tax authorities.
"Award of the Fair Tax Mark, together with the recently published second edition of our Tax Transparency Report, demonstrate Mundys's determination to achieve our TAX/ESG goals. This result reflects the major improvement in the information made available to our stakeholders, thanks to collaboration with Group companies and the tax authorities in the countries in which Mundys operates," said Giuseppe Natali, the infrastructure and mobilty company's Head of Tax.
"Mundys was the first Italian multinational to obtain the Fair Tax Mark last year and the Company has shown a renewed commitment to responsible tax conduct and financial transparency. As shown in Mundys's recent Tax Transparency Report, its public disclosure, on a country-by-country basis, puts it in a position of leadership in what is one of the most delicate areas: taxation. In a world where trust is low, stakeholders appreciate independent, third-party accreditation; this is what Mundys has achieved today with the Fair Tax Mark, certifying the Group's payment of the right amount of tax, in the right place and at the right time," said Paul Monaghan, Chief Executive of the Fair Tax Foundation.
Investor Relations e-mail: [email protected] Media Relations e-mail: [email protected]
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