In March 2020, Ethical Consumer viewed L'Occitane Group’s corporate family tree on the company's 2019 Annual Report and on the corporate database D&B Hoovers. The company’s Ultimate Holding Company (UHC), L’Occitane International SA, was registered in Luxembourg. L’Occitane was not considered to be a company that originated from Luxembourg and Luxembourg is listed as a jurisdiction considered by Ethical Consumer to be a tax haven.
The company also had a number of high-risk subsidiaries in known tax havens, such as:
- L’Occitane (Far East) Limited (Hong Kong)
- LimeLife Co-Invest S.à r.l. (Lux) (Luxembourg)
An internet search using the search terms “L’Occitane 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 L’Occitane’s UHC was registered in a jurisdictions considered by Ethical Consumer to be a tax haven and the company 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 under the Anti-Social Finance category.