In February 2020, Ethical Consumer viewed Edgewell Personal Care's list of subsidiaries in its 10-K filing with SEC, as well as its family tree on Hoovers corporate database. This showed that the company had multiple subsidiaries in jurisdictions considered by Ethical Consumer to be tax havens at the time of writing. Of these, at least two were holding companies, which was a high risk company type for likely use of tax avoidance:
Schick Cayman Islands Ltd in the Cayman Islands (this company was listed on Hoovers corporate database as having subsidiaries in Hong Kong and China).
Tropria Holding, B.V. in the Netherlands
In addition, the report listed two more subsidiaries in the Cayman Islands, fifteen subsidiaries in the state of Delaware, one subsidiary in Ireland, one more subsidiary in the Netherlands and two in Hong Kong; all of these jurisdictions were considered by Ethical Consumer to be tax havens at the time of writing.
An internet search using the search terms “Edgewell Personal Care tax policy statement country” found no country-by-country financial information or reporting (CBCR), nor clear public tax statement confirming that it was this company’s policy not to engage in tax avoidance activity or to use tax havens for tax avoidance purposes.
Given that -Edgewell Personal Care had two or more high risk subsidiaries in jurisdictions on Ethical Consumer's tax haven list and no country-by-country financial information, nor adequate policy statement and narrative explanation, the company received Ethical Consumer's worst rating for likely use of tax avoidance strategies and lost a full mark in the Anti-Social Finance subcategory.