Crawford & Company is committed to being a good corporate citizen while maintaining shareholder value in accordance with applicable tax laws and regulations. As such, our tax strategy is guided by the following principles:
- Tax Planning– We strive to maintain shareholder value while remaining a reputable corporate citizen and taxpayer in accordance with applicable laws and regulations. We comply with the Organisation for Economic Cooperation and Development ("OECD") guidance.
- Compliance with Accounting Principles– We issue quarterly and annual financial statements containing tax results in accordance with the principles of US Generally Accepted Accounting Principles ("GAAP") and statutory financial statements where required by law.
- Compliance with Regulatory Tax Filing Obligations –We prepare tax filings in accordance with the rules and regulations of the jurisdictions in which we operate and maintain supporting documentation as required by law.
- Employment of Qualified Tax Professionals– We recognize that by operating in more than 70 countries we have additional tax complexities and employ a team of qualified tax professionals with diverse tax backgrounds to address such complexities.In certain instances we require expertise of subject matter experts beyond our qualified tax professionals and in these instances engage external accountants or counsel to advise us on an as needed basis.
- Relationships with Regulatory Bodies– We seek guidance from regulatory bodies, including the HMRC, when guidance is ambiguous and work closely with authorities to resolve tax matters and audits in an efficient and effective manner.
- Risk Tolerance — We balance our level of tax risk against the views of our shareholders and the Crawford & Company board of directors.
- Operate within Internal Controls Framework– We operate in an environment with a strong internal controls (Sarbanes-Oxley) framework that meets the standards of a US Securities and Exchange Commission ("SEC") registrant and are audited by both internal and external accountants.
- Governance – We are governed by the Crawford & Company board of directors and keep them apprised of material tax developments through quarterly audit committee meetings and abide by our “Code of Business Conduct” globally.
Code of Business Conduct
The tax strategy outlined above applies to all companies within the Crawford group.
This document is on behalf of all qualifying entities in the Crawford & Company group pursuant to paragraph 19(2) Schedule 19 Finance Act 2016 and is intended to comply with all other obligations within Schedule 19 Finance Act 2016.
We review and update our tax strategy on annual basis.
The last update was made on August 13th 2018.