Denmark Hits Pensions With Tax Fraud Claims In $2B Row

Law360, London (August 9, 2019, 3:23 PM BST) -- Denmark's tax authority has leveled new accusations of fraud in London against a handful of pension funds from the Britain and the U.S. in its global battle to claw back more than $2 billion in tax reimbursements it was allegedly tricked into paying out.

The claim broadens the case brought at the High Court by the Danish Customs and Tax Administration against entities and individuals including Guenther Klar, a trustee of the Europa LLP Executive Pension Scheme, and Klar's company, Khajuraho Equity Trading SARL, to include new allegations of deceit and fraud.

The tax authority, known as SKAT, also dragged four U.S....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!