Transocean acquitted in protracted case about dividend taxes

A Norwegian appeal court has sided with Transocean in a drawn-out case concerning the alleged evasion of taxes on dividends paid through a company in Denmark to the Cayman Islands.
Photo: GDFSuez
Photo: GDFSuez
BY OLE ANDERSEN, SHIPPINGWATCH

Drilling rig company Transocean, which is based in Switzerland and listed in New York, has been acquitted at a Norwegian court in a protracted case concerning alleged tax evasion in relation to dividend taxes. With the acquittal, Transocean avoids having to pay close to NOK 400 million, or around USD 47 million, back to the Norwegian state coffers, according to several media reports.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading

Jobs

See all jobs