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Denmark and Poland are refusing to bail out companies registered in offshore tax havens
Denmark and Poland won't give financial aid to companies registered in offshore tax havens.
Governments around the world are scrambling to bail out their economies with huge stimulus packages amid the coronavirus crisis.
Denmark and Poland are the first to exclude firms that incorporate themselves in famous tax havens, meaning they can avoid domestic business taxes.
"Companies based on tax havens in accordance with EU guidelines cannot receive compensation, insofar as it is possible to cut them off," a translation of a Saturday statement from Denmark's finance ministry said.
"Companies that seek to dodge their obligations to broader society by cutting their tax bills shouldn't expect to get bailed out when things go wrong," Robert Palmer, the executive director of Tax Justice UK, told Business Insider.
http://www.businessinsider.com/coronavirus-companies-tax-havens-banned-denmark-poland-bailout-2020-4?utm_campaign=sf-bi-main&utm_medium=social&utm_source=facebook.com&fbclid=IwAR1_4JHCwK9ojk2gBkxZjG-It0liI9AY78Yt5kBL7mrwoe4UlK64Kgfl_Do
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