A $15 Billion Tax Scandal Triggers Probe Into Danish Errors
- Finance minister discusses his role in Danish tax failures
- Internal report shows only a fifth of losses can be recouped
Boats sit moored in the canal at Nyhavn in Copenhagen.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Denmark will start an investigation into years of mismanagement and fraud that resulted in the country’s tax department losing about 100 billion kroner ($15 billion).
Prime Minister Lars Lokke Rasmussen said Denmark needs to find out what went wrong if the state is to maintain confidence in the revenue generation that is the backbone of one of the world’s most coveted welfare systems.