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Seven more Danish pension funds join shared tax principles initiative

Seven Danish pension funds are joining the shared tax principles initiative for investments in unlisted companies which ATP, Industriens Pension, Pensiondanmark and PFA agreed on in August last year.

Laila Mortensen, CEO of Industriens Pension and chair of Insurance & Pension. | Photo: PR/Industriens Pension

Seven more pension companies have chosen to join the shared tax principles initiative which ATP, Industriens Pension, Pensiondanmark and PFA agreed upon in August in order to influence taxation behavior, both in Denmark and internationally, when investing in unlisted companies.

"When we stick together within the industry, we can make a bigger difference in influencing the development. We expect the collaboration on responsible taxation practices will strengthen our dialogue with external managers, so it is possible to avoid aggressive tax planning and improve taxation transparency in investments. We hope that these shared principles will develop into a real industry standard," the four pension CEOs say in a joint statement.

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