Last European country in France to block coronavirus bailouts for companies with offshore tax havens | Latest Brexit news and most important news

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PUBLISHED: 4:59 PM April 24, 2020 | UPDATE: 5:18 PM April 24, 2020

Adrian Zorzut

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

Enchant

France has prevented companies with tax havens abroad from accessing up to 110 billion euros (£ 96 billion) in government bailouts against coronaviruses.

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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 should be noted that if a company has its tax headquarters or its subsidiaries in a tax haven, I mean very strongly, it will not be able to benefit from financial aid from the State. .

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

“And if its head office is in a tax haven, it is obvious that it cannot benefit from public support. “

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

Many Britons supported the switch to Twitter. One person wrote, “Excellent strategy. Why don’t we have the balls to do the same? Perhaps because many conservative donors and conservatives use tax havens outside the sea? “

Another said, “@ 10DowningStreet should follow this example. This is a great opportunity to tell all of these tax transportation companies to seek financial assistance from their country to support their tax exile status. “

Asking the UK to keep the request accelerated 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.

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