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Danish Court Sentences British Citizen to 6 Years in Prison for Dividend Withholding Tax Refund Fraud

|Approved Changes|Denmark
Denmark

The Danish National Unit for Special Crime issued a release on 2 February 2024 announcing that British citizen Guenther Klar has been sentenced to six years in prison for his participation in the so-called "cum-ex" trading scheme that involved unlawfully claimed and obtained refunds of Danish dividend withholding tax. Denmark claims to have lost more than DKK 12.7 billion (EUR 1.7 billion) as a result of such schemes. According to the release, Klar's involvement resulted in wrongfully paid r…

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