France latest European country to block coronavirus bailouts for firms with offshore tax havens – My Scoop 24

PUBLISHED: 16:59 April 24, 2020 | UPDATED: 17:18 April 24, 2020

Adrian Zorzut

The government of French President Emmanuel Macron has banned companies with overseas tax havens from accessing coronavirus rescue funds. (Photo by LUDOVIC MARIN / PISCINA / AFP via Getty Images)

Enchant

Send this article to a friend

You must be logged in to post a link to this page.

))>

Become an advocate

Almost four years after its creation The new European is going strong through print and online, offering a pro-European perspective on Brexit and reporting on the political response to the coronavirus outbreak, climate change and international politics. . But we can only continue to grow with your support.

French Finance Minister Bruno Le Maire has adapted European men in Denmark and Poland, which recently introduced legislation banning tax-exempt companies from accessing vital coronavirus rescue funds.

He told France Info: It is worth noting that if a company has its tax headquarters or subsidiaries in a tax haven, I mean very strongly, it will not be able to benefit from state financial aid. .

There are rules to follow. If you have benefited from the state treasury, you will not be able to pay dividends and you will not be able to buy shares,

And if its headquarters are in a tax haven, its obvious it cant benefit from public support.

))>

The government of Emmanuel Macron will legalize the law this Wednesday through a finance bill with the help of senators from the Centrist Union group (a group of liberal-moderate politicians).

Many Britons have supported the move to Twitter. One person wrote, Excellent strategy. Why dont we have the balls to do the same? Maybe because many Tory donors and conservatives use tax havens outside the sea?

Another said: @ 10DowningStreet should follow this example. This is a great opportunity to tell all these tax shipping companies to apply for financial assistance from their country to support their tax exile status. .

Asking the UK to keep up the demand has picked up pace and a petition is now circulating on an official government website with 1,000 signatures. You can access it here.

Poland introduced similar measures on April 8, while Denmark followed suit on Saturday.

))>

Almost four years after its creation The new European is going strong through print and online, offering a pro-European perspective on Brexit and reporting on the political response to the coronavirus outbreak, climate change and international politics. . But we can only rebalance the far right wing of much of the UK national press with your support. If you value what we do, you can help us by contributing the cost of our journalism.

Become a supporter

))>

.

Read the original:

France latest European country to block coronavirus bailouts for firms with offshore tax havens - My Scoop 24