Global tax agreement could prompt Novo Nordisk to take tax payments elsewhere

A global tax agreement involving a 15 percent minimum tax rate may cause Novo Nordisk to relocate its annual tax payments away from Denmark, for example to the US.
Photo: Tidsvilde Stine/Ritzau Scanpix
Photo: Tidsvilde Stine/Ritzau Scanpix
BY ALBERT RØNNING-ANDERSSON, TRANSLATED BY NIELSINE NIELSEN

Novo Nordisk may relocate a large portion of its DKK 8.2bn (USD 1.34bn) Danish tax payments, for example to the US, once the global agreement for a minimum tax rate is passed, according to Danish media Børsen.

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