"Companies based in tax havens cannot get bailouts, says French minister"
"Bruno Le Maire takes tough line on businesses based in fiscal paradises.
By Elisa Braun
4/23/20, 12:42 PM CET
Updated 4/23/20, 1:02 PM CET
PARIS — France will not pay emergency cash to businesses based in fiscal paradises, Finance Minister Bruno Le Maire said today."
"If your headquarters is located in a tax haven, it is obvious that you will not be able to benefit from public aid," he said on France Info radio.
"If you have benefited from the state's cash flow, you cannot pay dividends and you cannot buy back shares," he added."
"Bruno Le Maire takes tough line on businesses based in fiscal paradises.
By Elisa Braun
4/23/20, 12:42 PM CET
Updated 4/23/20, 1:02 PM CET
PARIS — France will not pay emergency cash to businesses based in fiscal paradises, Finance Minister Bruno Le Maire said today."
"If your headquarters is located in a tax haven, it is obvious that you will not be able to benefit from public aid," he said on France Info radio.
"If you have benefited from the state's cash flow, you cannot pay dividends and you cannot buy back shares," he added."