Companies from tax havens will not get help in Poland and Denmark

The Danish government has decided to exclude companies registered in tax havens from the aid program developed to combat the pandemic crisis. This is the second such decision in the world as the first to be taken by Poland on April 8.

Prime Minister Mateusz Morawiecki announced then, that large companies that want to use aid funds must pay taxes in the country of their activity.

The Copenhagen government approved a new DKK 100 billion package (around €13 billion) over the weekend to support companies whose revenues have decreased due to mobility restrictions. In total, the authorities have mobilized so far DKK 400 billion.

The subsequent amendment provides that there are 12 companies registered in tax havens on the EU blacklist, including Panama, Seychelles and Cayman Islands. They will not be eligible for public aid. In addition, those that request such assistance will have to commit themselves not to pay dividends and buy back their shares in 2020 and 2021.

(rp.pl)