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No COVID-19 aid for tax haven companies

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Denmark has banned companies that are registered in tax havens from accessing financial aid during the Pandemic. 

The Nordic country has spent billions on aid for companies experiencing drastic drops in revenues but, in an amendment to the aid measures, companies registered in tax haven countries are not eligible for aid.

Additionally, firms applying for an extension of Danish state aid must now promise not to pay dividends or make share buy-backs in 2020 and 2021. 

https://www.nordicpolicycentre.org.au/denmark_bars_tax_haven_companies_from_covid_19_financial_aid

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By Lynn Wood

2 August 2020

 
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