There are so many scandals relating to big IT corporations failing to pay tax, the list of the big boys accused of shady but legal dealings is endless.

There is no suggestion that companies like eBay, Amazon, Google, Facebook and Apple are breaking the law, but there is plenty of opinion that they are immoral by using offshore jurisdictions and complicated tax structures to reduce their tax bill.

It is refreshing to see a company bucking this trend. Since Softbank purchased the majority stake in Supercell, they have made a public point of paying all taxes due. They have even advertised in the Finish national media, thanking the government for their help in supporting Supercell and now they were giving back.

Supercell executives Mikko Kodisoja and Ilkka Paananen paid €54 million each after the acquisition, the single highest individual tax contributions in Finnish history. Between them and a number of other well-remunerated Supercell executives, the company is thought to be directly responsible for increasing the Finnish Capital Gains tax total by around a fifth. (gamesindustry.biz)

Supercell are now the largest corporate tax contributor to the Finish economy, with Softbank looking to sell their stake to a Chinese strategic partner, it is possible that other Finnish based shares will be part of the supersized deal. That would only mean more big bucks for the Finish Treasury.

 

Enter your email address to follow this blog and receive notifications of new posts by email.