¡ Commitment to ensure full compliance with all statutory obligations, and full disclosure to taxation authorities ¡ Maintenance of documented policies and procedures in relation to tax risk management ¡ Professional relations with tax authorities and the active consideration of the implications of tax for Sonic’s wider corporate reputation ¡ Management of tax issues in a proactive manner that seeks to maximise shareholder value, while operating in accordance with the law, including Sonic’s understanding of the policy intent behind legislation Sonic pays a significant amount of tax, including corporate income tax and other business taxes, as well as taxes associated with our employees.