Denmark settles with financial firm in tax evasion lawsuit

By Silvia Martelli (January 24, 2022, 4:53 p.m. GMT) – A financial services provider has reached a settlement with the Danish tax authorities to recover the proceeds of an alleged £1.5 billion fraud ( $2 billion) by the English courts.

High Court Judge Andrew Baker signed an agreement in a consent order filed on January 18, resolving a case brought by Denmark against Acupay Systems LLC for allegedly participating in a $1.9 billion tax fraud known as the name of cum-ex dividend tax evasion.

The order allowed the claim to be withdrawn and said the two sides had reached a “confidential agreement” on December 21.

Tax attorneys refused to…

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