Crime bureau strikes a nerve in dentist tax scam
TT/The Local · 15 Dec 2008, 18:23
Published: 15 Dec 2008 18:23 GMT+01:00
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The Swedish Tax Agency (Skatteverket) and the National Economic Crimes Bureau (Ekobrottsmyndigheten) have launched a joint investigation into suspicions that dentists from around the country have been secretly channeling funds to the the Isle of Man via Belgium and the Netherlands.
The money is believed to have been moved out of the country through the Stockholm subsidiary of a Dutch company, which approached the dentists with the scheme as a means of evading taxes in Sweden.
According to the investigation's findings, the dentists drew relatively low wages from their practices, instead choosing to send any excess money to the Netherlands and eventually on to the Irish Sea tax haven.
Many of the dentists are thought to have invested in life insurance policies on the Isle of Man, while others obtained bank cards enabling them to make withdrawals from their secret fortunes on the island, newspaper Bohusläningen reports.
If found guilty, the dentists will have their incomes reassessed and will be ordered to pay back taxes, as well as facing hefty fines and jail terms of six months or more.