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Pension firm: Coloplast's secret tax report could cost skilled employees

Coloplast is missing out on an advantage when recruiting and retaining skilled employees when it does not present its international tax payments, says Danish pension fund Akademikerpension, stating that transparency and trust are crucial in the competition over the best employees. (Corrected)

Photo: Coloplast / PR

(Correction: An earlier version of the article stated that Akademikerpension had assessed that Coloplast could be hurt in the competition to recruit the best employees if it did not report on its tax payments on a country-by-country basis. The pension firm emphasizes that this is only the case over time if the medtech company's competition becomes more transparent, and adds that Coloplast is not suffering any recruitment losses in its current situation. The article also previously stated that Akademikerpension had attempted to push Coloplast into publicizing its national tax payments for over a year. This has been corrected, now reporting that Akademikerpension inquired whether there were any obstacles for doing so).

A year ago, Danish pension firm Akademikerpension inquired whether Coloplast knew of any potential obstacles for publicizing its tax payments in all of the countries it operates in. However, the pension firm received no clear answer.

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