Danish

Danish Tax Authority Wins $500 Million in U.S. Fraud Case Verdict

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In a groundbreaking decision in New York, a U.S. jury has ordered damages of $500 million to be paid to the Danish tax authority, SKAT, in a lawsuit relating to one of the most sophisticated tax fraud schemes perpetrated against a foreign government. This case marks a significant victory for SKAT, which has been pursuing various legal avenues to recuperate billions in losses sustained from 2012 to 2015. The fraud, which involved exploiting Denmark’s system for refunding taxes on stock dividends, was orchestrated by a network of international financiers, who deceitfully claimed tax rebates that … Read more

Danish Tax Authority Triumphs in U.S. Court, Secures $500 Million in Landmark Fraud Case

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In a landmark decision in New York, a U.S. jury has ordered Sanjay Shah, a British hedge fund trader, and his associates to pay $1.25 billion in damages to Denmark’s tax authority, marking a significant victory in a long-running tax fraud scheme case. The verdict arrives after allegations that Shah orchestrated a plan defrauding the Danish government of more than $1.7 billion through dividend tax refunds. This case has drawn attention due to its complexity and the substantial sums involved, underscoring issues of international finance and regulatory oversight. It highlights how cross-border legal disputes can … Read more

Danish Church Council Questions Global Church Body’s Response to Ukraine-Russia Religious Dynamics

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Copenhagen, Denmark – In a bold move, the National Council of Churches in Denmark has issued a critical memorandum questioning the World Council of Churches’ (WCC) disparate reactions to evolving religious dynamics amid Russia’s war on Ukraine. The Danish council’s inquiry, dated November 5, 2024, marks the first instance of a European church body openly challenging the WCC’s stance, spotlighting a significant rift within global ecclesiastical relations. In its memorandum, the Danish council addressed a series of pointed questions to the WCC about its swift condemnation of Ukrainian religious legislation vis-a-vis its prolonged silence on … Read more