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Denmark To Acquire Panama Papers Data

by Ulrika Lomas, Tax-News.com, Brussels

09 September 2016


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."

TAGS: tax | Denmark | law | tax authority | Panama | Tax | Tax Evasion

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