Poland and Denmark have sent a clear message to businesses that make use of tax havens, excluding them from government bailouts and coronavirus relief programs
Although not yet seeking government bailouts, some of the world’s best known tech companies are embroiled in the European dance of who can pay the least, and where. In December last year Amazon, Facebook, Google, Netflix, Apple and Microsoft were accused of “aggressively avoiding” $100 billion of global tax over the past decade according toOver the weekend Denmark’s Ministry of Finance confirmed that “companies seeking compensation ...
Luxembourg, the Netherlands and Ireland are the three EU countries seen to be taking tax revenues from profits made in other countries, through incentives made to house the headquarters of foreign firms. A quick glance at OECD data shows just how good at this they are. “On a conservative estimate, the Irish are now over 25 per cent richer than their U.K. counterparts.”
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