Best Buy Fiscal Year 2022 ESG Report | 93 Political activity . Best Buy engages in the political process by developing and advocating public policy positions that directly impact our business, employees, customers, shareholders and communities. In line with our commitment to transparency, Best Buy discloses our efforts, priorities and any use of corporate funds for political purposes. 2021 public policy issues. Ta x: Retain a fair and competitive corporate tax code and protect against drastic corporate tax increases that disproportionately impact the retail industry. Trade: Support trade policies that address trade barriers disproportionally challenging to businesses. Responses to those unfair trade barriers should seek to minimize impacts to American consumers so as not to increase costs of tech products. Fair Competition: Support review and modernization to antitrust laws to ensure applicability to large technology platforms, and support efforts to curb organized retail crime and counterfeits, including increasing transparency of online marketplace sellers. Continue to advocate for increased competition in the payments ecosystem and expand interchange reforms to credit cards to reduce “swipe fee” expenses. Workforce Issues: Support policies that provide employers the flexibility to complement the modern workforce and attract and retain talent by offering competitive wages, benefits and flexible scheduling. Cybersecurity, Data Privacy & Internet of Things: Support policies to strengthen the nation’s cyber infrastructure and committed to safeguarding customer data and ensuring a relationship with customers that better understands and serves their needs and interests.
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