Ministry launches offensive against tax avoidance

A 40 million kroner project will help Skat discover tax havens and develop better ways to identify when money is being illegally funnelled abroad

Tax Minister Holger K Nielsen (SF) wants to make it harder for people and businesses to hide their assets in tax havens out of reach of the national tax authorities.

Today, his ministry launched three new initiatives to stem the billions of kroner of tax revenue that is lost to offshore tax havens every year.

“It is unacceptable and illegal when taxpayers hide funds created in Denmark in tax havens – funds that were created upon the foundation of the Danish welfare state and its services and infrastructure,” Nielsen stated.

READ MORE: Activists demand that UK act on tax havens

Three new initiatives
The ministry is  giving the tax authority Skat 40 million kroner to fund a new project that will uncover tax havens and the strategies that citizens and tax advisors use to avoid tax. The project's aim is for Skat to become better at identifying when money is illegally hidden abroad.

The ministry is also establishing an inter-ministerial task force that will strengthen the co-operation between authorities as well as examine the current legislature.

Lastly, the government wants to take the initiative to strengthen co-operation with the tax advisory industry and discuss both the challenges facing the industry as well as the roles and responsibilities of tax advisers.

TOP STORIES

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

  • How internationals can benefit from joining trade unions

    How internationals can benefit from joining trade unions

    Being part of a trade union is a long-established norm for Danes. But many internationals do not join unions – instead enduring workers’ rights violations. Find out how joining a union could benefit you, and how to go about it.

  • Internationals in Denmark rarely join a trade union

    Internationals in Denmark rarely join a trade union

    Internationals are overrepresented in the lowest-paid fields of agriculture, transport, cleaning, hotels and restaurants, and construction – industries that classically lack collective agreements. A new analysis from the Workers’ Union’s Business Council suggests that internationals rarely join trade unions – but if they did, it would generate better industry standards.

  • Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

    Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

    The numbers are especially striking amongst the 3,477 business and economics students polled, of whom 31 percent elected Novo Nordisk as their favorite, compared with 20 percent last year.

Want to advertise your job with CPH Post?

Contact us

Jobs