Coloplast moves important production to country on tax haven watch list
So far, Coloplast has spent half a billion kroner (USD 75.9m) on establishing two new factories in Costa Rica, which the EU says is close to being a functioning tax haven. The medtech company rejects this as being a factor in the move, saying activities can occur in all countries, and it is openly publishing tax figures – just not for Costa Rica.
by ulrich quistgaard, translated by daniel pedersen
A huge undertaking is well underway, as Coloplast is constructing a new factory in Central American country Costa Rica. While the country isn't quite on the EU's blacklist of non-cooperative jurisdictions for tax purposes, it has made it onto the "grey list."
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Coloplast opens new factory in Costa Rica
For subscribers
Coloplast expects organic growth of 7 percent next year
For subscribers
