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One notable thing with Novo Nordisk, they do not attempt hide profits in tax heavens or use loop holes in Danish tax laws. The issue with the suggestion in the
by mrweasel 2y ago
One notable thing with Novo Nordisk, they do not attempt hide profits in tax heavens or use loop holes in Danish tax laws.
The issue with the suggestion in the article, having other companies grow faster, is that Novo is monstrous in size, easily one of Europe's most valuable companies. Catching up is an almost impossible task, as is leveling up any number of smaller companies to sizes that collectively could rival Novo Nordisk.
- deleted 2y ago[deleted]
- rvense 2y agoI've heard they pay more in tax than no. 2 and no. 3 combined.
- throwup238 2y ago> One notable thing with Novo Nordisk, they do not attempt hide profits in tax heavens or use loop holes in Danish tax laws. It’s a side effect of the ownership structure. Novo Nordisk is ultimately (mostly) owned by the Novo Nordisk Foundation through a holding group so any tax shenanigans at the for-profit just bite them in the ass at the foundation, which is already the wealthiest in the world.