Left Report: Blackrock Dodges €1bn in EU Taxes
10 Articles
10 Articles
Tax avoidance is legal – and politically desirable. Why Blackrock isn't the problem, but rather a relapse into national egoism.
The US company is the world's largest asset manager. It avoids taxes legally, but still gets into criticism. According to a study, tax authorities are losing potential high revenues.
Blackrock uses sophisticated strategies to drastically reduce the tax burden in the EU, which hides behind the tax advantage.
According to the EU media reports, the US financial company Blackrock generates revenue losses of millions each year through tax-saving models. This is shown by a study reported by the ARD and the Süddeutsche Zeitung. With aggressive tax management, the company sometimes achieves tax rates that are about half as high as usual in countries such as Germany or France.
Tricky tax-saving models of the US financial giant BlackRock each year give the EU a double-digit million-dollar income loss. This is shown by a study that is exclusively available to the ARD-Studio Brussels and the Süddeutsche Zeitung. By M. Reiche.
A study accuses BlackRock of targeted profit shifting. The US financial giant rejects this - and experts see the bigger problem in global tax competition.
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Bias Distribution
- 60% of the sources are Center
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