Tax Philosophy
At MAD Wealth, we believe that tax is not merely a legal obligation but a reflection of our commitment to ethical business practices, social responsibility, and long-term sustainability. Our approach to tax is guided by the following principles:
1. Integrity and Compliance
We are committed to full compliance with all applicable tax laws and regulations in the jurisdictions where we operate. We do not engage in aggressive tax planning or artificial arrangements that lack commercial substance.
Our tax philosophy ensures:
- the amount of overall taxes paid over time appropriately reflects the actual amount of income generated by the business; and,
- the amount of taxes paid over time in each jurisdiction appropriately reflects the actual operations of the business in that jurisdiction.
2. Transparency
We maintain clear and open communication with tax authorities and stakeholders. Our tax positions are documented and disclosed in a manner that reflects our genuine economic activities and values.
3. Contribution to Society
We view tax as a vital contribution to the communities and economies in which we operate. Our tax practices support public services, infrastructure, and social development, aligning with our broader mission to create positive impact.
4. Alignment with Purpose
As a purpose-driven business, our tax strategy supports our commitment to ethical wealth creation, financial empowerment, and inclusive prosperity. We ensure that our tax decisions are consistent with our values and the expectations of our clients and partners.
5. Responsible Advisory
In our tax advisory services, we prioritise long-term value and reputational integrity over short-term gains. We educate and empower our clients to make informed decisions that align with both legal standards and ethical considerations.
Our tax philosophy, used to provide services and recommendations to clients, is based on the below factors:
- the tax advice provided appropriately reflects the actual amount of income generated by our client over time; and,
- the tax advice provided to a client for a jurisdiction appropriately reflects the actual operations of the client in that jurisdiction.
