MedWatch

Coloplast's new country-by-country tax report reveals enormous national differences

Denmark is in the lower end of the interval with a 20-percent effective tax rate, whereas the medtech company is paying nearly 40 percent of profits in France, the new details from Coloplast's country-by-country tax report show. The majority of its workforce reside in Hungary, where the lowest effective tax of 15 percent rate is also found. However, this is not why manufacturing has been established here, according to Coloplast.

The recently publicized country-by-country tax report reveals Coloplast's exact effective tax rates in individual EU member states | Photo: Coloplast / PR

There's a great deal of difference in how much of Coloplast's profit is taxed in individual countries, as evident in the Danish medtech firm's country-by-country tax report, which was released in connection with the company's full-year financial results.

The report shows that the effective tax rate in Denmark is 20.5 percent. In comparison, Germany's effective tax rate is 32.6 percent, whereas France leads with as much as 39.5 percent.

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