Policies & Practices
P&G’s Approach to Tax
P&G is focused on meeting consumer needs everywhere we do business, while creating value for our shareholders and continuing to be a good corporate citizen. Corporate responsibility is the foundation for all P&G's Citizenship efforts. Sustainable tax policy and a transparent approach to tax are important elements of corporate responsibility.
Learn the details — view or download P&G’s Approach to Tax, here:
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Our Purpose, Values and Principles (PVPs) guide our approach to all taxes across the globe.
We seek tax certainty to achieve predictable and sustainable financial outcomes that positively impact all stakeholders.
We are recognized as a transparent and low-risk taxpayer and do not pursue aggressive tax planning.
Our Core Tax Principles
Our Core Tax Principles are the foundation of our approach to taxes globally.
P&G wants to be known, through words and concrete actions, as a company that is responsibly governed, behaves ethically, and is open and transparent with governments in our tax affairs.
Total Tax Contribution
In fiscal year 2024, our global activities resulted in a Total Tax Contribution of approximately $11.9 billion.
Our Total Tax Contribution is comprised of approximately $6.4 billion of taxes directly borne by P&G and approximately $5.5 billion of taxes collected by P&G and remitted to governments. Our taxes borne include $4.4 billion of corporate income taxes paid by P&G.
European Union Public Country-by-Country Reporting
From June 1, 2024, P&G is in scope of the European Union (EU)’s Public Country-by-Country Reporting (pCbCR) requirement. These rules require large multinational enterprises to publicly disclose key tax and financial information on a country-by-country basis. The objective of pCbCR is to enhance corporate transparency and enable stakeholders to better understand where multinationals conduct their business activities and pay corporate income tax.
To comply with EU regulations, this report has also been filed by our subsidiary Procter & Gamble Nederland B.V., Weena 505, Delftse Poort, Tower B, 10th floor, 3013AL Rotterdam, Netherlands, to their local Commercial Register, according to the legal requirements in the Netherlands.