Article: Denmark Adopts New Dividend Tax Model After Multiple Fraud Cases

Article - Media
12875

Denmark Adopts New Dividend Tax Model After Multiple Fraud Cases

Morten Buttler

Bloomberg, 18 May 2020

Denmark is adopting broad changes to how foreign investors are refunded dividend taxes as the government hunts down more than $2 billion it says was tricked into turning over.

In a new agreement with the country’s financial industry, banks will play a central role in monitoring payments, and will be held liable for clients’ outstanding taxes. All foreign investors will have to register with the Danish Tax Agency, according to a statement by the tax ministry.

Read full article.

12875