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Article

29 Jan 2015

Author:
CBG Network

Coalition against Bayer Dangers' press release

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"BAYER appearing poor to tax authorities: Appropriate Taxes for Multinationals", 29 Jan 2015

Bayer has 15 subsidiaries in the Netherlands alone...The reason is that Holland aggressively advertises its offers for saving business taxes...In 2012 Bayer therefore transferred shares worth 1.4 billion euros from the United States to Bayer World Investments in Holland. The subsidiary Bayer World Investments received 526 million euros from French divisions. Additionally, the Bayer Capital Corporation granted loans of 1.3 billion euros in the Netherlands...Tax dumping is very harmful for society. This can be seen in the German city of Leverkusen, where Bayer’s headquarters are situated. Even though Bayer is the most valuable German company, Leverkusen has been financially suffering for two decades...