Danish tax authority: OW Bunker abused tax legislation

The Danish Customs and Tax Administration (Skat) has accused equity fund Altor of abusing Danish tax legislation shortly before the fund took OW Bunker public in the spring of 2014. At the time, Altor fully owned the Danish bunker company and is now being accused of intentionally covering its tracks when taking DKK 557 million (USD 81 million) from the company via Luxembourg to tax haven Jersey.
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