MedWatch

A part of Watch Media

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.

Photo: Coloplast/PR
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."

Coloplast's Vice President for Group Finance Henrik Deneke maintains that according to its commercial policy, the company can be engaged anywhere on the planet and can freely publicize financial figures and reports.

Already a subscriber? Log in.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from MedWatch

Britt Meelby Jensen wants to rebuild trust in Ambu

Britt Meelby Jensen, new CEO of Ambu | Foto: Novo Holdings / PR

After a turbulent time for Ambu under Juan Jose Gonzalez’s reign, new chief executive appointee Britt Meelby Jensen aims to rebuild the trust in the medtech firm, which has downgraded its expectations seven times over the past three years.

Outgoing Ambu CEO commends colleagues

Today, Juan Jose Gonzalez steps down from his role as chief executing of Ambu | Foto: Ambu/PR

”A true privilege,” says Juan Jose Gonzalez, describing his time as CEO at Ambu, which came to an end with Thursday’s announcement that Britt Meelby Jensen would take over the role.

Further reading

Related articles

Latest news

  1. Top news from MedWatch this week
  2. Outgoing Ambu CEO commends colleagues
  3. Nine new drugs recommended for approval by CHMP at May meeting
  4. Danish Medicines Council rejects Novartis breast cancer drug
  5. Analysts have great faith in incoming Ambu CEO
  6. Britt Meelby Jensen wants to rebuild trust in Ambu
  7. Ambu board had started headhunting process long before firing of CEO
  8. ALK CEO sells shares for USD 1.5m
  9. Novo Nordisk regains Novorapid supply capacity
  10. Ambu appoints Britt Meelby Jensen new CEO
  11. Zealand Pharma reports positive phase III results against congenital hyperinsulinism
  12. Audientes generates first-ever revenue in Q1
  13. Almirall and Evotec to collaborate on multiple severe skin disease targets
  14. Bavarian lands monkeypox vaccine contract with unnamed European country
  15. Thousands of collaborative research papers with China pose threat to Europe, authorities worry

See all

Job

See all jobs

See all jobs