Danish pension funds to stop investing in tax havens

A number of pension companies will no longer invest in the Cayman Islands after the tax haven was added to the EU blacklist.

PFA is one of the ten companies that will make no new investments in companies registered on the Cayman Islands | Photo: NILS MEILVANG//

When Danish pension savings are invested in infrastructure, real estate and forestry, this occasionally happens through companies with addresses on the Cayman Islands.

Now, Danish daily Information reports that a number of pension funds will no longer make these investments, after the EU added the group of Islands to its blacklist of tax havens.

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