In January 2021, Ethical Consumer viewed Robert Bosch GmbH's list of subsidiaries in its 2019 annual report. According to this list, the company had multiple subsidiaries in jurisdictions considered by Ethical Consumer to be tax havens at the time of writing, including: Ireland, Luxembourg, Netherlands, Singapore, Taiwan, Switzerland and Delaware USA. Of these, at least four were finance, investment or holding companies, which were high risk company types for likely use of tax avoidance strategies:
- Robert Bosch Finance Nederland B.V. (Netherlands)
- Robert Bosch Holding Nederland B.V. (Netherlands)
- Robert Bosch Investment Nederland B.V (Netherlands)
- Bosch Thermotechnology Netherlands Holding B.V. (Netherlands)
An internet search using the search terms “Bosch 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, nor did the company provide a narrative explanation for what each group entity located in a tax haven is for, and how it is not being used for purposes of tax minimisation.
Given the above and the fact that the company published no country by country financial data, Robert Bosch GmbH received Ethical Consumer's worst rating for likely use of tax avoidance strategies.