Please enter your email address to receive a password reminder.
Log into Tax-News+
The Danish tax authority has confirmed that it intends to purchase information leaked from Panamanian law firm Mossack Fonseca.
Danish Tax Minister Karsten Lauritzen announced in a statement on September 7 that the tax agency had been given permission to acquire the "Panama Papers" data following "broad political support" for the move.
Based on the sample it has seen, the tax agency estimates that the leak contains "relevant and valid information" on hundreds of Danish taxpayers.
However, Lauritzen suggested that the tax authority should only ever purchase leaked taxpayer data in exceptional circumstances, cautioning that there may be "fundamental problems" with buying stolen information.
Nevertheless, because of the "serious nature and large scale" of the Panama Papers leak, Lauritzen said he agreed with the political decision that "procurement of information in this case is necessary."
"We must take the necessary measures in order to catch tax evaders hiding wealth away," he said. "Therefore, we agree that it is wise to buy the material. We can not be sure [of] the end result, but everything suggests that it is useful information that SKAT must now pursue."
IMPORTANT NOTICE: Wolters Kluwer TAA Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
All rights reserved. © 2017 Wolters Kluwer