Investment banks exploited tax loophole
A number of major investment banks were involved in the share dividend fraud that led to the Danish Tax Authority (SKAT) mistakenly paying out DKK12.7bn to a British financier. Treasury documents obtained by…
MoreTDC’s biggest shareholder played key role in tax fraud
Australian investment bank Macquarie, the main shareholder in Danish telecom giant TDC, and who previously owned a majority stake in Copenhagen Airport, has for years played a key role in the share dividend…
MoreHard Brexit would be costly for Denmark
If Great Britain leaves the EU without a free-trade deal it could seriously affect the Danish economy. Avisen.dk lists how a hard Brexit would damage trade with Great Britain, one of Denmark’s most…
MoreFraudster was warned about social funding discrepancies
64-year-old Anna Britta Troelsgaard, who’s suspected of embezzling DKK111m from the Social Welfare Authority (Socialstyrelsen), was given a written warning 18 years ago about discrepancies in the administration of funding, Social Minister Mai Mercado…
MoreGovernment signals change in development aid policy ahead of P4G summit
Danish development aid should in future be targeted more towards business and green growth – that’s the message from Prime Minister Lars Løkke Rasmussen ahead of the first P4G (Partnership for Growth) summit…
MoreAnti-corruption conference in Copenhagen
Copenhagen will be a busy place over the next few days. Following this weekend’s P4G (Partnership for Growth) summit, the 18th International Anti-Corruption Conference (IACC) starts on Monday, under the theme Together for Development, Peace and Security:…
MoreAid for Chinese e-commerce giant ‘inappropriate’
The possibility of Danish development aid funding being awarded to Chinese internet trader Alibaba is ‘completely inappropriate’, the Confederation of Danish Industry (DI) said yesterday after it was revealed that the e-commerce giant…
MoreLøkke calls for more creativity in Brexit negotiations
It will need more ‘creativity’ on both sides for the EU and Great Britain to reach a satisfactory agreement, Prime Minister Lars Løkke Rasmussen said last night after a summit of EU leaders…
MoreAlternatives rocked by new scandal
Alternative leader Uffe Elbæk has acknowledged his party is faced with a credibility problem after co-founder Niko Grünfeld was forced to step down as Copenhagen City Hall’s culture supremo yesterday for lying on…
MoreNo work, no education for 169,000 young people
Despite the economic upswing and claims of a lack of manpower, 169,000 young adults don’t have a job and aren’t enrolled on some form of training or education, a new report by the…
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