> One notable thing with Novo Nordisk, they do not attempt hide profits in tax heavens or use loop holes in Danish tax laws.
It’s a side effect of the ownership structure. Novo Nordisk is ultimately (mostly) owned by the Novo Nordisk Foundation through a holding group so any tax shenanigans at the for-profit just bite them in the ass at the foundation, which is already the wealthiest in the world.
It’s a side effect of the ownership structure. Novo Nordisk is ultimately (mostly) owned by the Novo Nordisk Foundation through a holding group so any tax shenanigans at the for-profit just bite them in the ass at the foundation, which is already the wealthiest in the world.