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Maersk rejects all notions of tax speculation

The Maersk Group has no companies established with the sole aim of paying lower taxes. The group has companies in tax shelters around the world, including Panama, but this is purely because the conglomerate has activities in these countries.

Photo: AP/Carsten Bundgaard

Maersk Chairman Michael Pram Rasmussen spoke in no unclear terms when he was asked at the general assembly on Tuesday in Copenhagen about whether the group has companies in Panama in order to pay less in taxes.

The question was asked by Danish left-wing politician Frank Aaen, (from Denmark's Red-Green Alliance party), in light of the recent revelations in the Panama Papers leak. He wanted to know if the Maersk Group also collaborates with the controversial law firm Mossack Fonseca.

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