Bankers Linked to Tax Evasion Face Tougher Penalties in Denmark
- Tax ministry can now force banks to hand over client lists
- Biggest party in parliament wants jail sentences to be option
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The two biggest political parties in Denmark’s parliament say the country may need to tighten punishments for bankers on the wrong side of the law as the Panama leaks continue to reveal practices that politicians say are unacceptable.
The opposition Social Democrats, the largest party in Denmark’s legislature, and the Danish People’s Party, the biggest group in the ruling bloc of Prime Minister Lars Loekke Rasmussen, say the current framework may be too weak to discipline an industry whose misdeeds have dominated headlines in recent months and even years.