Tax minister confident of retrieving $1bn in share dividend scam

Tax Minister Karsten Lauritzen believes around half of the DKK12.7bn defrauded from the Danish Tax Department (SKAT) in the share dividend scandal can be retrieved through legal channels. In Denmark’s biggest-ever tax fraud, SKAT was scammed out of a reported DKK12.3bn (nearly $2bn) in 2015 by supposed foreign investors. Share dividends normally carry a 27% tax in Denmark, but under double taxation agreements foreign companies based abroad are entitled to a refund of…