11/22/2014

Danish tax administration will use #luxleaks as evidence for reviewing the taxes

the tax administration in Danmark has said that it will use the luxleaks documents and they will ask the firms for an explanation and maybe even ajust the taxes (upwards). They will also use the documents to understand how these countries are negotiating and setting up such tax-rulings, probably to find ways to make them even more difficult or illegal in the future

source for translation that follows http://politiken.dk/oekonomi/fokus_oekonomi/Luxembourg_laekage/ECE2462186/skat-gaar-paa-jagt-i-hundredvis-af-stjaalne-skatteaftaler/

""Tax examines the publicly available agreements between individual companies and the state of Luxembourg closer. If there is information in the material, and this will affect the settlement of tax in Denmark, it will be treated based on the rules of Skat control work - in addition to this materiality and risk, "said in a written statement to Politiken .

Insight into the secret world

Taxes do not want to elaborate. But before the publication of the hundreds of tax treaties, which escaped from the accounting firm PwC Tax expressed interest in gaining insight into how these tax treaties are designed:

"We have heard that such agreements exist, but we have never been told what is in them, and we have never seen one," said Troels Kjølby Nielsen, Tax Administration Division, responsible for international tax treaties"

my comment : this kind of discussions have been going on before about stolen listings and documents and sometimes they have been holding up cases for years or even decennia (ubs case for example) but in the end they were used somewhere - even if it was to blackmail the firms or people into coming to some agreement with the tax administration because they also can't always go through a public conflict about their taxes for years.

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