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Left Report: Blackrock Dodges €1bn in EU Taxes

Summary by left.eu
One of the largest shareholders in residential real estate pays effective tax rate of 12-18% thanks to aggressive tax planning in Netherlands, Luxembourg and Ireland.  In a new report “Inside BlackRock” commissioned by co-chair of The Left in the European Parliament, Martin Schirdewan (Die Linke, Germany),  the tax avoidance of the world’s largest asset manager Blackrock is put under the microscope, demonstrating that in the period 2017 – 2023 t…

10 Articles

All
Left
1
Center
3
Right
1
Center

Tax avoidance is legal – and politically desirable. Why Blackrock isn't the problem, but rather a relapse into national egoism.

·Berlin, Germany
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Lean Right

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.

Lean Left

Blackrock uses sophisticated strategies to drastically reduce the tax burden in the EU, which hides behind the tax advantage.

Center

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.

·Germany
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Center

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.

·Hamburg, Germany
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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
60% Center
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Tagesschau broke the news in Hamburg, Germany on Friday, June 20, 2025.
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