PKA to screen investments for "aggressive tax planning"

Danish pension company will only include companies in its portfolio that pay a minimum 15 percent tax rate from now on. IBM has been put on the pension fund's watchlist.

PKA CEO Jon Johnsen | Photo: PR/PKA

In the future, companies looking for investments from Danish pension company PKA will have to be able to document that they pay a minimum of 15 percent in corporate tax, Danish daily Politiken reports.

According to CEO Jon Johnsen, this is because the taxes are used to fund the healthcare system which employs many of PKA's members, many of whom are currently fighting for better working conditions and wages in Denmark.

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