The strategy of Anglo American is to secure, develop and operate a portfolio of high quality and long-life resource assets to deliver leading shareholder returns. This can be achieved through innovative practices and technologies, in the hands of our world-class people, working towards a common purpose of re-imagining mining to improve people’s lives.
The purpose of Group Tax is to preserve and grow Anglo American plc shareholder value through the responsible, coordinated and professional management of the Group’s tax affairs, always in compliance with the law. The Group Tax team strives to be a world class, dynamic, flexible, empowered global tax team collaborating to contribute to the commercial success of the Group and delivering sustainable value.
Purpose
The purpose of this role is to deliver work which helps to align the Group’s global tax profile with its economic footprint. This includes:
- the identification and management of transfer pricing risks, issues and opportunities arising across the group
- ensure that cross border transactions are managed and operationalised to ensure that value is taxed where it is delivered and that costs are deductible in the correct jurisdiction.
- consideration of domestic tax law and substantiation/evidence requirements to ensure that correct tax outcomes are achieved.
- the design and implementation an appropriate strategy, with associated governance, in line with the changing regulatory environment for international tax and transfer pricing.
Areas of work will relate to capital structure, recharges and leading global tax initiatives, with Group underlying ETR a key metric of success.
The Work – Key Outputs and Accountabilities
Leadership
- Create a working environment that fosters psychological safety and enables team members to thrive, individually and collectively, consistent with the Leadership Framework.
- Inspiring the team and shaping the tax team culture - lead by example to embed the group tax vision, values and behaviours.
- Lead their initiatives in a way that embeds as BAU the transformed compliance processes and the operation of the Tax Governance Framework
Strategic Priorities
- Lead and manage the identification of international tax and transfer pricing risks and opportunities arising across the group and assist in the development of solutions and actions as required to manage to deliver/ protect value for the Group in line with the group’s Tax Operating Model.
- To own, develop/ maintain the group’s international tax and transfer pricing strategy & associated governance capable of application to cross border transactions across the group
- To identify, develop and deploy groupwide projects and initiatives that relate to specifically identified international tax and transfer pricing risks and opportunities – including those arising from the ongoing evolving group value chain and undertake a review/refresh exercise where appropriate.
- Working with the Tax Policy Principal to develop appropriate group approaches and response to evolving tax environment for international tax and transfer pricing.
Transfer pricing compliance and operational transfer pricing:
- Overall accountability for the Group’s transfer pricing local file compliance process (with input from local teams as appropriate)
- Subject to budget approval, lead the implementational of transformation change of transfer pricing processes, utilising technology
- Design, develop and deploy appropriate tools, processes and governance to support the management of transfer pricing risk, including through the group’s Tax Control Framework.
International Tax and Transfer Pricing:
- Develop, review and update of tax systems, procedures and policies relevant to International Tax and Transfer Pricing in consultation with CTLs.
- Provide tax advice on matters relevant to International Tax and Transfer Pricing.
- Evaluate, assess and manage the tax risk associated with International Tax and Transfer Pricing across the group, in line with the Anglo Tax Risk Management Policy.
- Raise awareness of issues within the group in and effectively communicate tax issues relevant to International Tax and Transfer Pricing.
- Support in the management of all uncertain tax positions related to International Tax Policy.
- Develop and maintain a tax policy framework relevant to International Tax and Transfer Pricing in line with the Anglo guidelines.
- Manage the analysis of changes to regimes relevant to International Tax and Transfer Pricing as the result of significant multilateral policy changes on Global basis and advice on the implication for the Group.
- Monitor and communicate legislative changes and practice in relation to International Tax and Transfer Pricing to the wider tax team and business as appropriate
- Design, develop and deploy global training in respect of International Tax and Transfer Pricing matters.
Controversy management:
- Identify, develop and deploy appropriate policies or strategies that support broader management of international tax or transfer pricing controversy
- Support local Businesses with significant international tax and transfer pricing disputes within the group, ensuring a globally consistent approach
- To provide technical and/ or other support as required to support the resolution of less material/ jurisdiction specific disputes or audits.
Business Partnering
- Champion ways of working which result in strong collaboration with other parts of Group Tax as well as the business.
- Manage the development and maintenance of relationships with key personnel within the business and ensure they understand the strategy, tax risk framework and vision of group tax.
- Ensure that the value proposition, objectives, initiatives, delivery and resource requirements of Group Tax are well understood and accommodated by internal stakeholders.
External engagement
- Monitor external developments in best practice as it relates to compliance, reporting and tax governance.
- Engage with advisors
- Support engagement with tax authorities, Governments and NGOs from an international and transfer pricing technical perspective
People / Leadership:
- Leading and develop an effective team that works collaboratively with each other and with other teams to achieve business goals and create sustainable value.
- Demonstrate behaviour in line with the Group’s values, standards and a professional workplace.
- Provide leadership to, and develop the performance of Group Tax in line with the Group’s policies and systems (e.g. performance management, talent management) in order to achieve business goals. As part of this:
- Develop a clear and aligned work plan for your team;
- Foster a constructive and productive working environment;
- Drive delivery of objectives including holding team members to account for their work.
- Participate as an effective team member in working collaboratively with your leader, peers and relevant others (including from other teams) to achieve business goals.
- Contribute to the broader business by working with others in such a way that it optimises the overall business results, rather than just your team’s.
Financial
- Develop and, once it’s approved, monitor and manage the budget for your area.
- Identify any opportunities for improved cost management and either address these, or raise them with your manager as appropriate.
- Management of consulting spend and delivering sustainable value by delivering efficiencies in terms of the value received in comparison to the amount of money spent.
Work Processes
- Fully understand the policies, processes and systems which apply to your work.
- Identify any issues around these that interfere with your ability to complete work or meet the plan / strategy.
- For processes within your authority, make the required changes. For others, escalate these issues to seek action and / or look for alternative solutions.