Partner David Corker has written for Law360 on the response options for Danish Cum-ex interview targets after SKAT (the Danish equivalent of HMRC) alleges it was defrauded on a gargantuan scale in connection with tax refunds it made during 2007-2015, arising from cum-ex transactions.
“Probably the biggest civil case happening in London at present is the one brought against 70-odd defendants by SKAT, the Danish tax authority equivalent of Her Majesty’s Revenue and Customs. SKAT alleges it was defrauded on a gargantuan scale in connection with tax refunds it made during 2007-2015 arising from cum-ex transactions….While plainly alleging fraud, what is notable about SKAT’s claim is that it has opted to prosecute it solely in the High Court. These English proceedings are exclusively civil. Back in 2015, the National Crime Agency and HMRC were stimulated by similar claims made in Germany about cum-ex trading to commence criminal investigations,” explains David.
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