France is banning firms registered in offshore tax havens from its government coronavirus bailout, following similar bans in Denmark and Poland

Michel Euler/Pool via REUTERS

• France will block firms registered in tax havens from accessing the state bailout fund.
• "If a company has its tax headquarters or subsidiaries in a tax haven, I want to say with great force, it will not be able to benefit from state financial aid," finance minister Bruno Le Maire told the France Info radio station on Thursday.
• Last Saturday, Denmark had enforced a similar measure, following the lead of authorities in Poland in early April.
• France has allocated 110 billion euros ($108 billion) to save its businesses amid the coronavirus crisis.
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France will block firms registered in offshore tax havens from claiming aid from its government coronavirus bailout, following similar moves by Denmark and Poland.

Finance Minister Bruno Le Maire announced Thursday that companies either registered, or controlling subsidiaries, in tax havens are ineligible for the 110 billion euros ($108 billion) rescue package.

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