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ATENCIÓN: DANISH TAX REFUNDED 2,5 BILLION DKK IN ‘DIVIDEND TAX’ TO HOLDERS OF DANISH SHARES IN MALAYSIAN TAX HAVEN LABUAN. NEVERTHELESS, ON THIS PARTICULAR TAX HAVEN ISLAND HOLDERS OF DANISH SHARES ARE NOT OBLIGED TO PAY DIVIDEND TAX AT ALL IN THE FIRST PLACE. THE STUNNING STORY IS REPORTED BY DR NEWS

April 11, 2017

The British businessman Sanjay Shah is the main suspect in a Danish case about alleged fraud with the refunding of dividend tax amounting to 12,3 billion DKK.

DR News has learned, that several of the companies that were Sanjay Shah’s customers are registered at the Malaysian Island Labuan. Several of these companies had up to 2,5 billion DKK refunded as dividend tax by Danish tax.

Many of the companies are situated at Brumby Center in Labuan. The companies were established by TMF Group, that is also housed in the building.

Professor at Copenhagen Business School (CBS) Brook Harrington is an expert in taxhaven countries. In a conversation with DR she characterizes Labuan as a ‘wild west’ territory with one of the least flattering reputations among tax havens. When it comes to tax regulations, Labuan is not subjected to the same rules as other parts of Malaysia.

Furthermore Danish tax minister Karsten Lauritzen (Liberal Party of Denmark) confirmed in August 2016 in an answer to the Tax Commission at the Danish parliament Folketinget, that Danish Tax seemingly was unaware of the fact, that companies at Labuan were not at all subjected to dividend taxation when holding Danish shares.

– Preliminary studies reveal that dividends may not in all cases be taxed in the country, which is considered a requirement for reimbursement under the agreement, the minister for taxation wrote on August 23, 2016.

Both Danish, German, British and Belgian police forces are investigating branches of the giant swindle case.

SOURCE:

http://www.dr.dk/nyheder/penge/skat-har-sendt-svindelmilliarder-til-skattely-i-malaysia

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