Tax Strategy & Transparency

Applique is committed to compliance with applicable tax law and to acting with integrity and transparency in all tax matters. We pay the tax legally due in the jurisdictions in which we operate and seek to maintain constructive relationships with tax authorities.

Applique does not:

• Use artificial structures lacking commercial substance to obtain a tax advantage
• Engage in transactions whose primary purpose is tax avoidance
• Use jurisdictions identified as non-cooperative for the purpose of reducing tax inappropriately

Tax considerations may legitimately inform commercial decisions, but they do not drive transactions inconsistent with our values or this policy.

Responsibility for tax compliance rests with senior management, supported by qualified internal and external advisers. Material tax positions are subject to internal review.

We support increased transparency in tax matters and comply with applicable reporting requirements in the jurisdictions in which we operate.