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Hapag-Lloyd sends large chunk of profit into Hamburg city coffers

A large portion of Hapag-Lloyd’s billion-dollar profit ends up with the city state of Hamburg, even though the carrier benefits from low taxation.
Hapag-Lloyd has been located in the Hamburg city center since 1903. Headquarters are named Ballinhaus after the carrier's founder, Albert Ballin. | Photo: Hapag-Lloyd
Hapag-Lloyd has been located in the Hamburg city center since 1903. Headquarters are named Ballinhaus after the carrier's founder, Albert Ballin. | Photo: Hapag-Lloyd
by NIKLAS KRIGSLUND

While Maersk is criticized for paying too little taxes in Denmark, another carrier is bolstering state income just south of Denmark’s border.

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