Drivers behind tax non-compliance
On Friday 26 April 2024 Thomas Lange will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Exploring the future of business taxation
The Tax loop workshop at NHH this week: How to improve taxation of businesses and their owners.
The purpose of the TAXLOOP workshop at NHH Norwegian School of Economics this week was to bring together experts from a diverse set of disciplines to discuss how to improve taxation of businesses and their owners. The workshop was hosted by Norwegian Centre for Taxation (NoCeT).
Economists, lawyers, policy makers and tax authorities met to discuss dividend taxation and broader aspects of business taxation.
`The presentations and discussions at the workshop were geared towards deepening the understanding of dividend withholding tax and its vulnerabilities, which are central to the TAXLOOP project’s aims´, Floris Zoutman says.
He is an Associate Professor at NoCeT and Department of Business and Management Science.
TAXLOOP project
The workshop organized by Zoutman is linked to the broader research agenda of the TAXLOOP project, managed by the NHH researcher. The research project receives funding from the Norwegian Research Council.
The understanding of dividend withholding tax (DWT) and its vulnerabilities are central to the TAXLOOP project’s aims. The project is based on the revelation of the Cum-Ex files scandal in 2018.
While the workshop was being held at NHH, Denmark was concurrently pursuing a court case against Briton Sanjay Shah in relation to the 'cum-ex' fraud scandal. Denmark has charged several British and U.S. citizens over so-called 'cum-ex' schemes, which it says cost it more than 12.7 billion Danish crowns ($1.86 billion) between 2012 and 2015”, according to Reuters.
Largest tax fraud in Europe
A collaboration of European journalists, unveiled the largest tax fraud scheme in Europe, known as the cum-ex files.
This investigation revealed complex strategies—collectively referred to as cum-schemes, that enabled investors to dodge dividend withholding taxes (DWT) or secure undue tax refunds. The estimated financial damage from these schemes exceeds €100 billion across Europe.
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`However, significant gaps in understanding these schemes persist, gaps that require the analytical precision of academic economists skilled in econometrics and optimal taxation´, Zoutman says.
To address this, TAXLOOP is set to assemble and scrutinize a comprehensive financial and regulatory database spanning at least 17 European countries.
`We will provide a clear picture of the current state of DWT and identifying the countries most impacted by this fraud. Our project aims not only to quantify the revenue losses but also to offer robust policy recommendations to protect DWT against such tax avoidance schemes´, he states.
Representations of Uncertainty for Decision Modelling
On Monday 6 May 2024 Benjamin Narum will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.