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草榴社区 advocates for public policy solutions that promote innovation, the global economy, and our industry interests. 草榴社区 is committed to engaging in public policy processes relevant to our operations in areas such as innovation and IP, taxation, global trade, and workforce.
草榴社区’ Political Activities Policy
With respect to political activities undertaken on behalf of 草榴社区, the company is committed to compliance with applicable laws, rules, and regulations including, but not limited to, lobbying registration and disclosure laws, ethics rules, the Foreign Corrupt Practices Act, and anti-bribery laws worldwide.
Advocacy
草榴社区 may engage in direct advocacy with government officials on public policies, legislation, and regulations relevant to our company. The company may also engage in indirect advocacy through trade and industry associations, which are selected for their integrity and alignment with the policy interests of 草榴社区 and the broader tech community. Trade and industry associations represent broad and varying interests, so 草榴社区’ involvement with a particular association does not mean the company endorses its entire agenda.
All 草榴社区 advocacy via trade associations must be reviewed and approved in advance by Government Affairs.
Corporate Political Contributions
The Government Affairs team may contribute periodically to local ballot initiatives in the U.S., consistent with 草榴社区’ quality of life goals and in accordance with applicable laws and regulations. Any political contribution on behalf of 草榴社区 must be pre-approved by the Government Affairs and Ethics and Compliance teams.
Individual Political Activity
草榴社区 employees are free to participate in political activities or contribute to political parties and candidates so long as they do so as individuals and in a personal capacity, not on behalf of 草榴社区 or that could be viewed in any way as being on behalf of 草榴社区.
No employee may engage in grassroots lobbying activities where other employees are encouraged to contact government officials on an issue.
Employees may work in a personal capacity with a particular industry or trade association if pre-approved through 草榴社区’ Conflicts of Interest Portal and as long as the employee does not suggest in any way that he/she is representing 草榴社区.
草榴社区 Trade Association Memberships
草榴社区' Political Corporate Contributions
草榴社区 - United Kingdom Tax Strategy
Introduction
草榴社区. (“草榴社区”) is the U.S.-based parent of a multinational group that operates in the Electronic Design Automation, semiconductor IP, and software security and quality markets. 草榴社区 is an SEC registrant and NASDAQ listed company.
This document is a statement of the strategy of 草榴社区 (Northern Europe) Limited ("草榴社区 UK"), which is an indirectly held UK subsidiary of 草榴社区, regarding UK taxation.
草榴社区 and 草榴社区 UK intend this statement to meet obligations with respect to Section 161 and paragraph 22 of Schedule 19 of the United Kingdom Finance Act 2016.
Risk management, risk appetite, and governance arrangements
草榴社区 maintains written policies applicable to all tax risks on a global basis. A goal inherent in 草榴社区’ policies and practices is achieving tax certainty through effective identification, evaluation, and management of tax risk. In addition, as an SEC registrant, 草榴社区 complies with standards for financial and internal controls that are among the highest in the world.
The Vice President of Corporate Planning and Tax is responsible for managing all tax risks, undertaking an annual review of 草榴社区’ overall tax strategy with 草榴社区’ CFO and Audit Committee. A supporting team of qualified and experienced in-house tax and finance professionals manage 草榴社区’ routine tax matters. This includes tax reporting compliance, tax authority relations, and financial reporting obligations, as well as supporting 草榴社区’ business functions to analyze potential transactions and identify, manage, and comply with relevant tax requirements.
草榴社区 obtains legal and tax advice to ensure adherence to applicable tax law and affirmatively engages with tax authorities, particularly where tax outcomes are significant or uncertain. Material matters are escalated to various levels of management and the Audit Committee, as directed by policies.
These policies and principles apply equally to the UK.
In general, 草榴社区 considers that it maintains a low threshold level of acceptable tax risk.
Attitude of the business toward tax planning
草榴社区 and 草榴社区 UK align their tax planning with their worldwide commercial activities and business objectives. Substantive changes within the business, such as acquisitions and expansion into new territories or markets, may necessitate planning to ensure efficient and appropriate taxation outcomes. 草榴社区 and 草榴社区 UK do not undertake aggressive tax planning but may avail of government-sponsored tax incentives in various forms for which the business activities of 草榴社区 qualify.
Both 草榴社区 and 草榴社区 UK apply high ethical standards in complying with applicable global tax laws and regulations.
Relationship with Her Majesty’s Revenue & Customs (HMRC)
草榴社区 and 草榴社区 UK maintain high ethical standards in their dealings with all tax officials. 草榴社区 UK has met all its compliance obligations in relation to all UK taxes. In the past, 草榴社区 UK has sought and, where possible, will in the future seek, advance assurance with HMRC on UK tax matters that are significant or uncertain.
This statement is made pursuant to Section 161 of the United Kingdom Finance Act 2016 and was approved by the Directors of 草榴社区 (Northern Europe) Limited on 15 December 2023 and is effective as of that date.
Published: 15 December 2023.
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