Juniper Networks, Inc., an entity incorporated in Delaware, United States, and listed on the NYSE as JNPR, is the ultimate parent of a group of companies (the "Juniper Group"). The Juniper Group is headquartered in Sunnyvale, California, United States.
This tax strategy applies to the Juniper Group. The Juniper Group is committed to conducting its business ethically and in compliance with all federal, state and local laws and regulations and applicable international standards.
This document is published by Juniper Networks (UK) Limited, BTI Systems UK Limited and Juniper Networks (Nominees) Limited on 29 November 2022 in compliance with their duties under Paragraph 22(2) of Schedule 19 of the Finance Act 2016 to publish a tax strategy in the current fiscal year.
Our approach to risk management
We manage tax in line with our group governance framework and procedures: tax strategy, activities and uncertainties are documented and reported on a regular basis. We seek to manage all taxes to provide a responsible outcome in the interests of all stakeholders. Operating alongside this, our guiding tax principles govern our behaviour and the tax choices we make when facing new decisions or directions.
The Juniper Group's Head of Tax is responsible for global tax strategy. The Head of Tax reports to the Juniper Chief Financial Officer and is supported by a team of tax professionals in a number of geographies.
Our tolerance for tax risk
We are committed to compliance with tax laws and regulations. We regularly monitor changes to applicable tax legislation and obtain advice where appropriate from professional advisers.
Our tax strategy is aligned with our overall business strategy and to our approach to corporate governance and risk management wherever we operate.
Given the nature of our business and geographic footprint, it is inevitable that risks may arise with respect to the application of tax laws that are complex, subject to sudden and/or regular change and uncertain at times. The level of tax risk that we accept is driven by our global tax, legal and accounting policies, overarching values, corporate social responsibility, brand and reputation. We seek professional advice where the application of tax law to a material transaction or a given situation is reasonably unclear or uncertain, or where specialist knowledge is required.
Our approach to tax planning
In supporting the commercial needs of the business, we may claim tax deductions, credits or exemptions and make any other beneficial claims or elections where we believe that such credits, exemptions, claims or elections are available and legally permissible. In accordance with applicable laws, we may seek to take steps to eliminate or reduce the risk of double taxation.
Furthermore, we may engage in tax planning to structure our operations and finances in a tax-efficient manner. Any such action is done in a manner that is aligned with our overall commercial objectives, meets our legal obligations and provides a tax result that we believe aligns with the intent of relevant laws and regulations.
Our relationship with tax authorities
As an organization, we seek to operate with integrity and this is reflected in our relationships with tax authorities with whom we strive to establish constructive relationships.
In addition to operating with integrity, where possible and appropriate, we seek to be proactive with tax authorities to ensure the efficient resolution of issues as they arise. We seek tax clearances and guidance from tax authorities where and when appropriate.
We understand that there might be instances where a tax authority’s interpretation of tax laws and regulations may differ from our view, including after consultation with professional advisers. Only on the rare occasions that we are unable to reach an agreement with a tax authority, and where our tax position is supported by external advice (or if it is an industry-wide issue), would we be prepared to litigate the issue in court, having first sought to resolve these differences though constructive dialogue with the relevant tax authority.