DrZoidberg
Contributor
Denmark is a high tax country. The Danish shipping company Mærsk is currently the world's biggest shipping company. It's so big that because people, globally, bought less cheap shit from China during Covid the entire Danish economy shrank by 4%.
They're pulling in massive amounts of money to Denmark. A tiny tiny high tax country. This is a company that primarily moves stuff between countries that is not Denmark. I couldn't imagine it being easier to move this company somewhere with low taxes. In practice Mæarsk is primarily based elsewhere. It's all run via the Internet anyway. Why don't they base it in Panama where they won't have any taxes?
I know that the Danish military protects their ships from piracy. But wouldn't the UN do that anyway? I know they patrol the waters outside Somalia.
Does anybody have a good theory?
They're pulling in massive amounts of money to Denmark. A tiny tiny high tax country. This is a company that primarily moves stuff between countries that is not Denmark. I couldn't imagine it being easier to move this company somewhere with low taxes. In practice Mæarsk is primarily based elsewhere. It's all run via the Internet anyway. Why don't they base it in Panama where they won't have any taxes?
Maersk - Wikipedia
en.wikipedia.org
I know that the Danish military protects their ships from piracy. But wouldn't the UN do that anyway? I know they patrol the waters outside Somalia.
Does anybody have a good theory?