Tag: Dividend tax
Economic Policy Council: The next government needs a credible plan to adjust public finances and combat climate change
Demand more targeted measures to mitigate the effects of crises Additional spending on military and other security-related uses has likely been necessary, while certain measures to increase purchasing power, such as a temporary reduction in VAT on electricity, have not been necessary. Severely affected households must be helped. However, not all households and companies can […]
Green light given for extradition of dividend fraud mastermind to Denmark
The British businessman Sanjay Shah, who is accused of having drained the Danish treasury of approximately DKK 9 billion in dividend tax, must be brought to justice in Denmark. A court in Dubai, which had previously rejected several bids from the Danish authorities, has now approved his extradition. “It is a great victory for Denmark […]
Suspected arrested Danish dividend tax scandal
Ongoing conversationsThe Ministry of Justice stated that the long-term goal is to get Shah to Denmark to be convicted. The government will continue to discuss with the UAE to ensure that extradition becomes a reality. The extradition agreement between the two countries was signed on 17 March. The Netherlands and Belgium signed similar agreements with […]
International Round-Up: Denmark issues joint declaration on Israeli settlements
The Danish Ministry of Foreign Affairs, together with 11 other European states and the United Kingdom, has issued a joint statement condemning Israel’s plans to build 3,000 settlement units in the occupied West Bank. The declaration, which represents the governments of Denmark, Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Poland, Spain and Sweden, […]
The cost of solving problems in Tax increases by millions
It will cost DKK 349 million for the Tax Commission to complete its work. According to Politiken, this appears from a statement that Minister of Justice Nick Hækkerup (S) has sent to the Folketing’s tax committee. Originally, the budget was 308 million kroner, but the bill increased last year to 318 million kroner and is […]
Tax gets the chance against dividend backers in U.S. court
The IRS has been granted the opportunity to bring a series of trial cases against a number of ringleaders in the dividend tax case to find out whether the cases can be brought before a US court. It writes Politiken. According to the newspaper, there is a law in the United States that says U.S. […]
High court stamps international search for dividend case
The court book stated that the three, Rajen Ranmal Shah, Anupe Dhorajiwala and Graham McKenzie Horn, are staying abroad. The court then ruled that the three should be jailed. Their lawyers appealed to the Eastern High Court, which has now upheld the decision. The three are accused of having defrauded the Danish state of around […]
Accused of cheating for a billion: Now they are wanted
The court book stated that the three, Rajen Ranmal Shah, Anupe Dhorajiwala and Graham McKenzie Horn, are staying abroad. The court then ruled that the three should be jailed. Their lawyers appealed to the Eastern High Court, which has now upheld the decision. The three are accused of having defrauded the Danish state of around […]
Several are suspected by the Bagmandspolitiet in a case of fraud with dividend tax
One is the police in the process of questioning in writing. This is what special prosecutor Anders Møllmann says. During a break in the court hearing, however, he refuses to answer in-depth questions to journalists. The hearing is about whether three already charged British nationals should be remanded in custody without being present. In July, […]
North Zealand’s police director will be the new head of the Bagmandspolitiet
The behind-the-scenes police, whose proper name is the Public Prosecutor for Special Economic and International Crime (Søik), are responsible for investigations and prosecutions in the heaviest cases of economic crime. Among other things, it is the Bagmandspolitiet that leads the cases of fraud with a refund of dividend tax, where the Treasury has been cheated […]
Americans and Britons are being jailed in dividend tax case
The indictment against the three British and three US nationals was filed in April. They are accused of fraud with respect to the refund of dividend tax. The amount is 1.1 billion kroner. However, as there is no prospect of them voluntarily appearing for the upcoming criminal case, the prosecution will initiate a process of […]
Three Americans and three Britons are being jailed in dividend tax case
The indictment against the three British and three US nationals was filed in April. However, as there is no prospect of them voluntarily appearing for the upcoming criminal case, the prosecution will initiate a process of extradition. An order for custody is required here. Already, two other defendants in an even larger fraud case regarding […]
Bech-Bruun: We checked more than usual for a conflict of interest
– We would like that study if we could take it, says Lars Lindencrone Petersen and explains that any conflicts of interest were checked by searching their own system: – The very terminology of an independent study has the premise that one is not greased into those to be examined. The High Court forms the […]
Lawyer got model on dividend tax in German: Did not understand it
In addition, Bech-Bruun had to pay back the fee, which the Eastern High Court must decide in the ongoing case. The incapacity must have consisted in the fact that other lawyers in the law firm in 2014 and 2015 had advised NCB on the risk of compensation and punishment precisely because of the bank’s involvement […]
OVERVIEW: Eight foreign men have been indicted in the dividend case
Charges have been brought against eight foreigners in the first two tracks, where several of the defendants’ lawyers have stated that they deny guilt. It has not yet been decided whether to prosecute in the third lane. The defendants risk up to 12 years in prison. In addition to the three criminal law tracks, the […]
OVERVIEW: This is how the dividend tax fraud took place
In the first case, charges have been brought against Sanjay Shah, who is suspected of being the main man, and a suspected accomplice. They are accused of fraud with dividend tax of more than nine billion kroner, but deny guilt. In the second case, three Americans and three Britons are accused of having defrauded the […]
Lawyers are demanding ugly stain removed in dividend tax case
The Bar Council ruled that there was a problem with caps. When Bech-Bruun secured the task of conducting an independent investigation for the Ministry of Taxation, there was a conflict of interest. Bech-Bruun had also had a significant participant in the fraud as a customer. Other lawyers in the law firm had advised the German […]
OVERVIEW: This is how the dividend tax fraud took place
Sanjay Shah, who is suspected of being the main man and a suspected accomplice, has already been charged. They are accused of fraud with dividend tax of more than nine billion kroner, but deny guilt. Thus, a total of eight people have been indicted in various tracks in the so-called dividend case. The Danish Tax […]
English court rejects Danish billion claim in dividend case
The court in London has rejected the Danish Tax Agency’s lawsuit in the case of dividend fraud, which involves several billion kroner. This is stated by the Danish Tax Agency in a press release. Among other things, this is the lawsuit against the financier Sanjay Shah, which thus seems to be impossible to carry out. […]
British court rejects Danish billion claim in dividend case
The High Court in London has rejected the Danish Tax Agency’s lawsuit in the case of dividend fraud, which involves several billion kroner. It writes TV 2 and Politiken. Among other things, this is the lawsuit against the financier Sanjay Shah, which thus seems to be impossible to carry out. For three years, the Tax […]
Decision pulls out in the largest fraud case in Danish history
In that case, it will happen without them even being present – in absentia, as it is called. The businessmen are located in Dubai and England, respectively. They are accused of having sucked about nine billion kroner out of the treasury. Wrongfully, the huge amounts were paid as a refund of dividend tax, the allegation […]
Lawyer is puzzled by new indictment in dividend case
– It comes back to us that charges are being filed at the moment, says the lawyer, who says that his client denies guilt. The case against the six is about hundreds of fictitious stock trades between 27 American so-called one-man pension funds, nine companies and intermediaries. The trades took place in the period March […]
OVERVIEW: This is how the dividend tax fraud took place
Sanjay Shah, who is suspected of being the main man and a suspected accomplice, has already been charged. They are accused of fraud with dividend tax of more than nine billion kroner, but deny guilt. Thus, a total of eight people have been indicted in various tracks in the so-called dividend case. The dividend tax […]
Another six are charged with billion-dollar fraud in the dividend case
Hundreds of fictitious stock trades between 27 US so-called one-man pension plans, nine companies and intermediaries went in the period March 2014 and August 2015 via the German bank, the indictment reads. The dividend tax fraud was discovered in 2015, and the Treasury lost a total of DKK 12.7 billion. Two charges have already been […]
Police drop charge against Sanjay Sha’s wife
Andro Vrlic has been working on the case for the past three years. Usha Shah, along with his spouse, the British Sanjay Shah, and another Briton, Anthony Mark Patterson, were charged with having sucked well over nine billion kroner out of the treasury when they committed fraud with regard to the refund of dividend tax. […]
Police drop charges against Shanjay Sha’s wife
Usha’s husband, Sanjay Shah, and Anthony Mark Patterson, both British nationals, were remanded in custody on Wednesday. The two are accused of having sucked more than nine billion kroner out of the state treasury when they committed fraud with regard to the refund of dividend tax. Shah is described as the main man, while Anthony […]
FACTS: Mining project in Greenland can lower Danish block grant
For the party promises that it will put an end to the project. Supporters point out that the project will create many jobs and income for Greenlandic society, while opponents fear major consequences for nature, the environment and health. Should the plans for the mining project nevertheless become a reality, and the Chinese-Australian company Greenland […]
FACTS: Mining project in Greenland can lower Danish block grant
The Social Democratic government party Siumut is in favor of the mining project, while the major opposition party Inuit Ataqatigiit will shelve the plans. If they become a reality, and the Australian company Greenland Minerals begins to extract rare earths and uranium, DKK 1.5 billion will be smoked in the national coffers every year for […]
Cases of fraud for billions are not expected until the court in 2022
Wednesday’s decision on custody in absentia could be part of the process of a possible extradition of the men to the criminal case. They live in Dubai and the UK respectively. But the process must wait until the Eastern High Court has ruled on the question of imprisonment or not. The criminal case must be […]
Judge will imprison Sanjay Shah in dividend tax case
British nationals Sanjay Shah and Anthony Mark Patterson are in Dubai and the United Kingdom respectively. The indictment is about the fact that they must have sucked more than nine billion kroner out of the state coffers when they committed fraud with regard to the refund of dividend tax. Shah is described as the main […]
FACTS: Mining project in Greenland can lower Danish block grant
The Social Democratic government party Siumut is in favor of the mining project, while the major opposition party Inuit Ataqatigiit will shelve the plans. If they become a reality, and the Australian company Greenland Minerals starts extracting rare earths and uranium, DKK 1.5 billion will be smoked in the national coffers every year for 37 […]
Prosecutors are demanding Sanjay Shah jailed in dividend tax case
The claim is therefore an order for custody in absentia. An order could form the basis of a process of extradition. It was in January that the indictment against the men was filed. Sanjay Shah lives in Dubai and Patterson is reportedly staying in the UK. The former is charged with fraud for just over […]
Sanjay Shah is charged with billion-dollar money laundering in Germany
Sanjay Shah, who is considered by the Danish prosecution to be the main culprit behind billions in dividend tax fraud, has also been indicted in Germany. It writes TV2 and Børsen. According to Børsen, Sanjay Shah must have used the German bank Varengold Bank to launder money that was paid out by Denmark in 2012 […]
Watchdog gives harsh criticism of state accounts for the third time
This is stated in a report which has been published. – Our criticism can not be greater. For the third year in a row, we have had to make a reservation, which relates to almost half of the total tax revenue. There is too much clutter, uncertainty and protruding. – It is of no use […]
OVERVIEW: The case of dividend tax fraud
Earlier, it has emerged that the suspected mastermind is British Sanjay Shah. The dividend tax fraud took place in the period 2012-2015. Read here how the fraud allegedly took place: * A larger organized network of companies abroad has apparently applied for dividend tax. * This has happened on the basis of fictitious shareholdings and […]
Two Britons are charged with dividend fraud for nine billion
Two Britons have been charged with having been paid more than nine billion kroner in unjustified refund of dividend tax from the Danish treasury. This is stated by the Public Prosecutor for Special Economic and International Crime (Søik) – also known as the Bagmandspolitiet – in a press release. This is a British citizen residing […]
Former Minister of Taxation links tax fraud to guilt of officials
The then tax minister Benny Engelbrecht was questioned by the tax commission yesterday over a huge scandal involving dividend tax fraud and unequivocally blamed the door on public service. According to the current Minister of Transport, important information was withheld from him despite clear instructions that cases of this kind should reach his office. If […]
Tickling dividend bomb escaped the minister’s table
At an office in Høje-Taastrup, a hole in the treasury grew bigger and bigger until 2015. Here, a refund was paid for dividend tax, even though the then tax did not have the opportunity to check…
Former tax ministers: Heard nothing about dividend tax issues
They tell the Commission of Inquiry about Tax on Wednesday. The three were tax ministers until 2010 and 2011, respectively. – I did not feel that there were any red or yellow lights flashing at that time. Especially not on dividend taxation, says Kristian Jensen. In 2015, it emerged that in the years 2012 to […]
OVERVIEW: How Tax Was Cheated for Billions
* This has happened on the basis of fictitious shareholdings and falsified documentation. * Dividend tax is the tax paid on a dividend on shares or participations in companies or associations. * The tax for Danish companies is 27 percent, while companies abroad do not have to pay tax on the dividend on their shares. […]
The head of department denies that Skat’s problem drowned in a focus on savings
The first issue is the payment of 12.7 billion in refund of dividend tax over several years until 2015. Today, the Danish state does not believe that the money should have been paid out and is working to get it back. That is why the Commission is interested, among other things, in why no one […]
Main character behind suspected dividend fraud ready for Danish lawsuit
The British citizen Sanjay Shah has been appointed by the Danish Tax Agency as the main person in the big case of suspected fraud with dividend tax. Now he declares to the Stock Exchange ready to appear in a possible criminal case in Denmark if charges are brought by the prosecution. – And I know […]
The tax collapse takes at least six years to find an explanation for
It will cost 318 million kroner and take six years or more for the commission of inquiry to find out why it went wrong in Tax. It writes Politiken, which has seen two notes on the progress of the work from the Ministry of Justice and the Commission, which the Parliamentary Committee on Rules of […]
