Tag: Dividend
478: Time to rate Kristersson’s EU contribution
DPS summarizes the Swedish EU presidency, which is suffering towards its end. How he Ulf Kristersson and his ministers handled the task and how big a dividend it has given for Sweden? In the 2023 defense preparation, it is stated that Russia poses the greatest threat to both Swedish and European security. The war of…
Finnish police and EU partners curb cross-border tax evasion
The suspects were suspected of using complex trading schemes to evade taxes and move company shares around dividend payment dates.
Finavia reports a significant increase in turnover in 2022, but low passenger numbers will weaken the result for the year
Turnover increased by 105.3% to 298.4 million euros and the operating profit margin turned positive to 65.4 million euros, an increase of 340.8%. Despite the positive development, the company’s operating profit remained loss-making and was EUR 52.3 million in loss, although it is 60.0% better than a year earlier. Due to China’s COVID-19 restrictions and…
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…
Huge dividend for Ørsted and Novo Nordisk’s shareholders
The shareholders in Ørsted and Novo Nordisk have much to be happy about today, as both companies have decided to issue large dividends following the declaration of record profits. While Ørsted will split DKK 5.7 billion, Novo will distribute DKK 14.8 billion – not bad for shareholders who split DKK 7.5 billion in August last…
Harmful companies exposed to set up tax avoidance systems as a “service” have been uncovered
The founders of the channel companies have been both Finnish and foreign citizens. We have a number of audit cases pending that are likely to result in additional taxes being charged to authors, says Katja PussilaRisk Manager for the Tax Administration. Transactions have been uncovered in which shares in companies of about 700 million units…
Denmark will sign extradition agreement with UAE
Justice Minister Nick Hækkerup will be in Dubai this week to officially sign an extradition agreement with the UAE. In the agreement, suspected perpetrators who have committed crimes related to Denmark will be extradited and prosecuted in this country. Among these are two high-profile cases, including 12.7 billion kroner fraud by the Danish state from…
Stockmann reports 11% earnings growth in 2021
The Finnish department store Stockmann has announced that its operating profit rose to EUR 68.3 million in 2021 after the start of corporate reorganizations and co-operation negotiations aimed at reducing 60 jobs. The corresponding figure for the previous year, which was severely affected by the financial effects of the coronary virus pandemic, was EUR 12.3…
Annual reports: Finnair, NoHo reduce losses, Posti plans new logistics center
Several Finnish companies – including the national airline Finnair, the postal broker Posti and the restaurant group NoHo Partners – published their 2021 annual reports on Thursday. Finnair will reduce losses in 2021 Finnair’s Annual Report 2021 revealed that the airline increased its turnover by more than 300 per cent to EUR 413.5 million in…
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.…
Nordea distributes the largest dividend in the history of the Finnish stock market
Nordea Bank has announced that it will pay the largest dividend to shareholders in the history of the Finnish stock market later this month. The amount, approximately EUR 2.9 billion, increased to an exceptional size due to the expiration of the dividend ban expired by the Financial Supervisory Authority at the end of September. The…
The culprit police suspect several in a dividend case of a billion
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, 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, a…
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…
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…
Accusations: Corona swindlers are parasitizing on a society in crisis
She calls the case very rough. – You are spying on a society that is in a serious economic crisis, she says. The three men, together with two other men who have already confessed and been convicted, have sent applications for salary compensation to the Danish Business Authority. The applications were for two cleaning companies,…
100 investigations into cheating with pandemic support
Around 100 criminal investigations are currently underway into suspected fraud with the financial support for pandemic-affected companies that has been introduced, according to a survey carried out by Ekot. So far, a total of six charges have been brought for various crimes and more are underway, according to the Swedish Environmental Crime Agency. “There will…
Can you invest in plastic?
There are many who wonder if you can invest in the plastics and plastics industry, and the short answer is yes. There are many ways to invest in the plastics and plastics industry, and you can read more about her. It does not have to be as difficult to invest as you might think. It’s…
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…
The behind-the-scenes police are also investigating the third track in the dividend case
In another trail of the case, three Britons and three Americans were charged in April with fraud for 1.1 billion kroner. But the Bagmandspolitiet – as the Public Prosecutor for Special Economic and International Crime (Søik) is called – is also investigating a third clue in the case. It emerged on Thursday during a court…
Bandidos rocker confesses to attempted corona fraud
A 28-year-old man has on Wednesday at the Court in Glostrup been sentenced to two and a half years in prison for fraud with corona aid packages. It writes Ekstra Bladet. According to the media, this is a Bandidos rocker named André Munch, who in court on Wednesday confessed that he tried to swindle himself…
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…
Capital funds lose huge showdown against the Danish Tax Agency
At the Eastern High Court on Monday, the Danish Tax Agency won a settlement against five private equity funds that previously owned the telecommunications company TDC. The funds must pay tax on dividends that have been moved to Luxembourg. Thus, they have to pay tax of 1.05 billion kroner. It writes Jyllands-Posten’s business media, Finans,…
Bramsen sees the repatriation of soldiers in Kabul as a new era
– Terrorism looks different today than it did 20 years ago. We have some completely different tools when it comes to monitoring the terrorists and keeping an eye on what kind of development is going on. – We will continue the fight against terrorism. But it’s going to be the places where we can see…
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…
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…
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.…
SHL-kollen: Rögle connects the grip on the semifinal series
Rögle will receive a full dividend from the opening home matches in the semifinal series against Skellefteå after the second straight win on Saturday. The second semis also became even between the teams. It was not until the third period that Rögle got the lead goal 2-1. Next, two straight matches await in Skellefteå, starting…
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…
Strong differences in the dividends of large Nordic companies
There are large differences in how the dividends, of money to shareholders, from large companies in the Nordic region have developed over the past two years and the Swedish companies have had by far the largest increase this year, according to Ekot’s survey. Molly Guggenheimer, equity strategist at Danske Bank, says that this is partly…
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…
Another six people have been indicted in the dividend case
The prosecution is prosecuting three Americans and three Britons for fraud for more than 1.1 billion kroner in the dividend case. Two have already been charged.
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…
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.…
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…
Done: Then Postnord starts with a dividend every other day
Soon, the residents of 33 western Swedish municipalities will receive their mail every other day. On 3 May, Postnord will start distributing mail every other day to anyone whose postcode starts at 40 to 51. Dovile Radzeviciute is regional manager at Postnord and in the feature she answers the question from one of P4 Gothenburg’s…
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…
Covid-19 lowers life expectancy and raises pensions
The corona pandemic will lead to a reduction in life expectancy by six months for women and almost one year for men, according to statistics from Statistics Sweden. This in turn leads to a higher income pension for those who retire in the next five years, approximately SEK 60 more per month, according to the…
Expert: Increased dividends have positive effects
The large companies look to distribute significantly more money to shareholders this year, shows a review by Ekonomiekot. Among other things, this is positive for research in Sweden and means that more money can be given to it, according to Oscar Stege Unger, who is a senior adviser to the large research funder Wallenbergstiftelserna. “Increased…
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…
A terrorist convicted from Aarhus has been charged with million-dollar fraud for the second time
The man was remanded in custody by the Court in Aarhus this summer in a case involving a total of 11 accused. In the terror case of the al-Shabaab group, he was convicted in 2014 along with his brother. After serving the sentence, the brothers were again taken by the police. This time for advanced…
The government is extending redundancy support
The government is now changing the terms for the companies that will benefit from the state’s extended layoff support in the future. The decision made today. This means, for example, that companies that receive support from 1 December will have to wait six months after the redundancy ends before they can distribute profits, says Minister…
Less money for the Treasury when LKAB invests in climate
The climate investment of upwards of SEK 400 billion probably means a smaller dividend to the Treasury, says LKAB’s CEO Jan Moström. Over the past ten years, LKAB has given the owner the state just over SEK 30 billion in dividends. The mining company’s investment in becoming fossil-free in 2045 will probably be partly financed…
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…
Electrical director and Lego employee accused of million fraud
The two men deny guilt, and therefore it will be up to a court of law in Kolding to decide whether they should be convicted. The case begins on Tuesday and is expected to be completed by January. The prosecution has seized the deductible in a number of properties to cover Lego’s losses. – It…
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…
Four from infamous family accused of corona crime
Under the pretext of being from home care or the municipality and wearing white coats and masks, three men and a woman committed, according to the prosecution, in the spring a string of trick thefts against elderly citizens in the Copenhagen area. Several of the conditions were even so serious that, according to the prosecution,…
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…
The Left Party wants to raise taxes by 72 billion
Increased taxes for those who earn the most will increase equality between high- and low-income earners in the Left Party’s budget. The Left Party wants to increase the tax by a total of SEK 72 billion in its shadow budget, which the party presented this morning. The largest increase is tax on capital and property,…
Nokia’s 2019 profit warning followed the rules, authorities investigated
The Financial Supervisory Authority (Fiva) ruled on Friday that online giant Nokia did not fail to comply with its obligation to disclose inside information and complied with stock exchange rules. Fiva launched a preliminary investigation into the unusual decline in Nokia’s stock price last fall. On October 24, Nokia released third-quarter results that shocked investors.…
Right now
As of Monday, some accommodation in Lund will receive mail every other day. It is a pilot project that will run until November and then be evaluated. The main reason for the changed dividend model is to adapt to the reduced need to send mail, according to Jörgen Olin, regional manager south of Postnord.
Emmy Award to Ludwig Göransson
The Swedish composer Ludwig Göransson has won an Emmy for the original music for “The Mandalorian”. It feels surreal, he says from his home in California, USA. This year’s Emmy Gala, hosted by Jimmy Kimmel, kicks off on Monday night. But for five days before the big spectacle, Emmy Prizes have been awarded in the…
New witnesses will be questioned by the Tibet Commission next year
Only at the beginning of next year will police officers in particular be questioned about how Chinese visits over the years have been handled. The Tibet Commission will resume its interrogations from January 7, and they will continue during the first half of the year, the commission informs Ritzau. Back in December 2017, it published…