Following bans from Denmark, Poland and Argentina on companies registered in tax havens from receiving #COVID19 bailouts, we've published a "bail or bailout" test to clarify uncertainty on how govt's can determine which companies are discreetly using tax havens to pay less tax.
The 5-step test is designed to prevent tax payer’s money from ending up in corporate tax havens and to ensure tax transparency from bailout recipients into the future. In a nutshell, it means making sure we don’t rebuild our economies on top of a tax haven trap door.

If so, the corporate group must publish full country by country reporting by the end of 2020 to demonstrate presence in the jurisdiction is for legitimate business activity - not for reducing tax dues elsewhere. Otherwise, the corporate group should be disqualified from bailouts.

If so, the corporate group should be disqualified from receiving a bailout.

If not, govt's must make it a condition for bailout recipients to do so by end of 2020. Money should be returned if deadline not met.

If not, govt's must make it a condition for bailout recipients to do so by end of 2020. Money should be returned if deadline not met.

If not, the group should be disqualified from receiving a bailout.
These 5-rules for #Covid19 business bailouts will help governments make sure taxes go towards protecting people’s jobs and wellbeing instead of rewarding tax abusers with retreats to luxury resorts.
Full report here: https://www.taxjustice.net/2020/04/23/bail-or-bailout-tax-experts-publish-5-step-test-for-covid19-business-bailouts/
Full report here: https://www.taxjustice.net/2020/04/23/bail-or-bailout-tax-experts-publish-5-step-test-for-covid19-business-bailouts/