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Thursday, April 23, 2020

In Poland Tax Avoiders Won’t Get Bailouts

If you don't particularly like Google, Facebook or Amazon read on.

Forbes writes: 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. Tax havens are a huge problem for the European Union with billions of dollars needed to fight the coronavirus pandemic being lost each year. The fight back now looks to have begun.

Prime Minister Mateusz Morawiecki already announced on April 8 that large companies wishing to take advantage of the solutions contained in the anti-crisis shield must be registered in Poland.

- The United Kingdom Government should take a serious look at the Danish approach. Any support should be conditioned by the requirement for good business conduct - said Robert Palmer of Tax Justice.

Forbes: 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 to Fair Tax Mark research. Facebook paid just $34.58 million (£28 million) in corporation tax in the UK in 2018 despite record sales of $1.98 (£1.6 billion) according to the latest account on the U.K.’s Companies House.

"It is obvious that those who do not pay taxes are guilty not only of crime but even murder. If there are not enough beds and respirators, that's because of them," wrote Fabio Fazio in La Repubblica.

It will be interesting to since all those "tax avoiders" are huge supporters of Liberals and their agenda.

Updated on Sep. 17, 2020