BASF accused of avoiding taxes: the European Greens

EPA

After a major explosion, flames blaze on the premises of the chemical company BASF in Ludwigshafen, Germany, 17 October 2016. According to the company, at least one person has been killed, six other people are still missing and at least six were injured. The cause of the explosion is yet to be cleared.

BASF accused of avoiding taxes: the European Greens


German chemicals manufacturer BASF is being accused by the by the European Greens of avoiding almost €1 billion of tax.

In a report published by the Greens, the company is accused of using complex tax-planning strategies in Belgium, the Netherlands, Belgium, Switzerland and Malta to reduce its tax obligations.

While tech companies like Google and Apple may steal the headlines by engineering spectacularly low effective tax rates for major European subsidiaries, this report presents evidence...


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