Lufthansa: No corona help because of tax havens? “That would be negligent”

Lufthansa is negotiating with the federal government about state aid during the corona crisis.

Following criticism, the group has now announced the names and locations of its subsidiaries in tax havens outside the EU.

The green finance politician and money laundering expert Lisa Paus does not go far enough.

There are enormous sums of money that the Ministry of Economy and Finance lists in an internal report that is available to As of May 12, the federal and state governments have approved applications for emergency aid for small businesses and the self-employed worth almost EUR 12 billion; In addition, KfW aid has been approved with a value of EUR 19.3 billion.

And the sum could still increase: The federal government is currently negotiating state aid with Lufthansa, it is about 10 billion euros – and an impending insolvency as early as June. After criticism from the SPD, the airline has now published the seats of its subsidiaries in tax havens as a sign of goodwill. These are primarily holdings in Panama, Guam and the Cayman Islands.

In terms of transparency, Lufthansa is going one step further than many other German companies and corporations that have applied for corona aid from the state. For Lisa Paus, the spokeswoman for the Greens’ financial policy, the step does not go far enough.

“We simply do not know how many Corona aid funds are seeping into tax sumps”

“The federal government must make it clear that companies applying for state aid must in principle disclose in which country they make which profits and how many taxes they pay”, Paus demands in an interview with “Subsidiaries for tax purposes in EU blacklist countries must be closed.”

Proceeding like Lufthansa, which only published the names, locations and number of employees of its companies in tax havens, does not help with the necessary review by the state, says Paus: “In order to uncover profit deferrals and tax structuring, it is necessary to at least know what profits and Tax payments actually accrue there. ”

It should be noted that not every transfer of profits abroad is objectionable. German tax law contains corresponding legal practices. However, the government aid granted in the Corona crisis is conditional on the fact that it is used and taxed exclusively in Germany.

“We simply do not know how many of the Corona aid funds and loans seep into tax sumps,” says Paus. “So we need transparency and public control to ensure that the money stays in the country – and that there is no subsidy fraud.”

No corona help for tax avoiders? “That would be negligent”

According to Paus, it would be no additional effort for the federal government to track the profits and tax payments made by corporate companies abroad – such country-specific reporting would ultimately take place in front of the tax office for international companies.

“But so far there has been no exchange between the tax office and the authorities that are now responsible for the corona subsidies,” says Paus. She therefore demands that the tax office’s information be made publicly available: “If taxpayers step in during the crisis, the public also has a right to know where government aid is going.”

Federal Minister of Economics Peter Altmaier (CDU) has already dampened such expectations at the beginning of the week. Speaking to the ARD program “Report from Berlin”, he said when asked about the subsidiaries of Lufthansa in tax havens: “I am strictly against speculation with unproven claims.” Currently, a “concrete model” between the government and the Airline negotiated: “There are several ways we can protect the interests of the taxpayer.”

A maximum solution would be to pay no state aid to corporations that maintain companies in tax havens. The Federal Government rules this out – and Paus also considers such a solution to be impractical: “Then we would have to have two thirds of the DAX companies and a large proportion of the companies listed on the stock exchange sold through Wupper. That would be negligent. ”

6 figures that show the extent of the corona crisis for the German economy


Related Articles

Back to top button