Scotland Bans All Bailout Aid To Companies Based In Tax Havens

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Scotland voted in a measure that only a handful of countries have passed.

The Independent reports:

“Scotland has become the latest country to block companies based in tax havens from accessing coronavirus bailout funds, in a move that will increase pressure on Boris Johnson’s government to introduce similar measures.

MSPs approved new rules on Wednesday night that will mean companies that are registered in tax havens, or are a subsidiary of an offshore company, cannot apply for government grants.

France, Belgium, Denmark, Poland, Wales and Argentina have applied similar policies to their coronavirus business support packages.

Patrick Harvie, the Scottish Green party co-leader, said: ‘Any company which avoids its responsibility to contribute to society should not be getting handouts when things go wrong. That’s why many European nations and Wales have already made this commitment.’”

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