With data from banks and the Danish Payments System, the Danish Tax Administration (SKAT) has investigated foreign credit cards with an unnatural consumption in Denmark, and so far the "Credit Card Project" has revealed a large volume of unknown assets in tax havens.
As a result of the project, a Danish businessman has been charged with tax evasion amounting to DKK 20,000,000, and the police have now found new ways to ensure that the money required to pay the tax bill will be available once the matter has been decided.
The Danish Public Prosecutor for Serious Economic Crime has been granted permission by the courts to seize the man's holding company, which at the end of the latest financial year held shares in the amount of DKK 50,000,000.
Following that seizure, the businessman cannot sell the shares without the consent of the police.
It is expected by the Public Prosecutor that this procedure will be applied more and more, because many of the persons investigated by the Public Prosecutor have a business in Denmark where it will be possible to seize an ownership interest or shares.
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