Global Human Rights Policy
Cooper Standard believes in ethical and socially-responsible business practices and recognizes its responsibility in promoting the protection of human rights. Our corporate social responsibility report documents our commitments to socially-responsible business practices. Our Global Human Rights Policy sets forth our commitment to ensuring our global operations are conducted in a manner that maintains an inclusive workplace where people are voluntarily employed, the unlawful employment or exploitation of children is prohibited, and employee rights and freedoms are respected. We expect that our suppliers and business partners share in this commitment. We communicate these expectations in our employee training programs as well as in our supplier code of conduct. Read more about our Global Human Rights Policy here.
Relationship with Tax Authorities
Cooper Standard is committed to the principles of openness and transparency with tax authorities and engages with tax authorities in all countries in which we operate with honesty and integrity and in a professional and collaborative manner, regarding all tax matters. We work constructively with tax authorities to attempt to resolve all issues in a timely fashion through appropriate methods of dispute resolution.
Risk Management, Compliance and Governance
We comply with tax requirements in every jurisdiction in which we operate. Cooper Standard maintains internal policies and procedures to support its tax control framework and employs professionals that are experienced in the identification and management of tax risk, with appropriate support provided by external advisors as needed. Across our businesses, we ensure oversight and governance of tax matters through internal review and approval procedures by appropriate members of Tax Leadership, Legal Office, Treasury Leadership, Regional Leadership and Accounting and Finance Leadership, including our CFO.
Tax Planning and Risk
Cooper Standard’s global tax organization partners with business leaders in each region to provide tax planning that aligns with our business operations, enhances value and manages tax risk. We are committed to the arm’s length standard in transfer pricing and OECD guidelines for international tax matters. We have a low tolerance for tax risk and avoid tax planning opportunities that are not in line with our values. Where we believe uncertainty exists we seek clarification from external advisors and / or governmental authorities.
Tax Policy Statement
Cooper Standard Holdings Inc. (hereinafter “Cooper Standard”), to comply with the requirements outlined in paragraph 16(2), Schedule 19 of UK Finance Act 2016, publishes this Global Tax Policy statement on behalf of its UK company: Cooper-Standard Automotive UK Limited
Cooper Standard believes it is our responsibility, as a corporate citizen, to pay our fair share of taxes, including corporate income taxes, employment taxes, social contributions, property taxes, import & custom duties, and indirect taxes.