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> A small group of agents in the U.K. wrote to Skat between 2012 and 2015, claiming to represent hundreds of overseas entities -- including small U.S. pension funds along with firms in Malaysia and Luxembourg -- that had received dividends from Danish stocks and were entitled to tax refunds. Satisfied with the proof they received, the Danes say they handed over some $2 billion.

Yeah, sounds very legal.




If you think you can determine whether a tax refund is legal based on a two-sentence summary, you probably shouldn't be a tax attorney.


Sure but it's enough to sniff out that there's maybe a problem with transactions have no underlying economic value and obscured beneficial ownership, which is a category of transactions that tend to cause trouble in taxation discussions.


It sounds very shady regardless of legality. Laws are made to serve people’s best interests, it is not just a code, and a judge will certainly take that into account.




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