Tag: Qiagen

Allegations of tax avoidance in Dutch Pharma Group Qiagen
/ European Union, Financial Transactions, Hearings and Investigations, Interest free loan, International Developments, Luxembourg, Malta, Netherlands, Qiagen, Tax Avoidance Schemes, Tax Havens and Harmful Tax Practices, Transfer Pricing News
According to investigations by SOMO – an independent center for Research on Multinational Corporations – the annual accounts of Pharma Group Qiagen shows that the group has avoided tax on profits by passing internal loans through an elaborate network of letterbox companies in European tax havens including Ireland, Luxembourg and Malta. It is estimated that, since 2010, the group has avoided at least €93 million in taxes and has accumulated tax deduction in an amount of €49 million ... Continue to full case