Nordea Bank experiences record year
While many Danish banks continue to languish in the continuing financial crisis, Nordea Bank managed to produce its best year ever in 2012. Denmark’s second biggest bank enjoyed staggering profits of over 30 billion kroner, bettering their previous best year of 2007. Some 85,000 new customers and more company business were the primary reasons behind the success, one managing director said. – EPN
Law to help abused foreign women proposed
The justice minister, Morten Bødskov (Socialdemokraterne), has proposed a new law that would ensure that foreign women won't be kicked out of Denmark if they flee from a violent spouse. Currently, women risk losing their residence permits if they have lived in Denmark for less than two years. Of the 2,000 women that annually live in crisis centres, around half of them are of a non-Danish background, according to the latest report from welfare researchers SFI-Det Nationale Forskningscenter for Velfærd. – Politiken
Danes cheat for 50 billion kroner
The state misses out on 50 billion kroner every year because many taxpayers cheat their way out of paying into the state treasuries, according to a new report. The report, compiled by Henrik Jacobsen Kleven, an economics professor at the London School of Economics, indicated that social fraud, tax evasion and under-the-table jobs were central contributors to the hole in the state coffers. Under-the-table jobs (sort arbejde) cheated the state out of nearly 30 billion kroner, while social fraud accounted for seven to 12 billion kroner, and tax evasion cost around five billion kroner. – Berlingske
Bankruptcy quarantine proposal draws criticism
A Justice Ministry proposal to quarantine directors and CEOs who have swindled and cheated their companies into bankruptcy has garnered criticism from experts. The experts say that the government’s decision to keep the quarantine list from public view means that it will have little effect. A report from tax authority Skat indicated that 40 of the largest bankruptcy fraudsters cost the state over 700 million kroner between 2008 and 2010. – Jyllands-Posten
