Denmark has become the first country in the world to buy data from the Panama Papers leak, and now plans to investigate whether 500-600 Danes who feature in the leaked offshore archive may have evaded tax.
Denmark’s tax minister, Karsten Lauritzen, said he has paid DKK9m (£1m) for the information, which comes from the Panamanian law firm Mossack Fonseca. He said an anonymous source approached the Danish government over the summer.
The source sent over an initial sample of documents and the
government reviewed them. After concluding they were genuine, it
secretly negotiated support for the controversial deal from political
parties in parliament, the minister said.
“Everything suggests that it is useful information. We owe it to all
Danish taxpayers who faithfully pay their taxes,” Lauritzen said,
admitting that he had originally been “very wary”. He added: “The
material contains relevant and valid information about several hundred
Danish taxpayers.”
The Panama Papers, published in April, were the biggest leak in history.
The archive includes 12.7m documents. There are details of offshore
companies – half of them incorporated in the British Virgin Islands, a
UK tax haven – as well as of secret “beneficial owners”.
An anonymous source, “John Doe”, gave the archive to the German newspaper Süddeutsche Zeitung. An international consortium of journalists from 180 media organisations including the Guardian examined the leaked files, which featured several heads of state and politicians.
It is unclear if John Doe is the same source who sold information to
the Danes. Lauritzen said he did not know who the source was. The
government communicated with him – or her – via encrypted channels, he
said, after being put in touch by a tax authority in another country.
This raises the prospect that other European countries may discreetly
be buying data on their own citizens. In 2014, German tax officials
paid about €1m (£850,000) for files from a much smaller Mossack Fonseca
leak. They carried out raids on customers of Commerzbank, suspected of evading tax.
Source: The Guardian UK