Banks may be convicted of complicity in tax evasion – Dagbladet.no

- If the bank knew or should have known that this approach would be used for tax evasion, it could be contributing to tax evasion by tax law, says Emeritus Professor Frederik Zimmer by the class struggle.

Zimmer, who is affiliated with the Faculty of Law at the University of Oslo, saying it requires intent or gross negligence, and that there will be an assessment of whether this is true.

Aftenposten revealed Sunday that DNB subsidiary bank in Luxembourg has assisted clients in establishing 40 companies in the Seychelles. Of these, about 30 owned by Norwegians, of whom 20 were residing in Norway, says DNB.

Lecturer Eivind Furuseth BI is an expert on international tax. He says there may be several legitimate reasons to create companies in the Seychelles, beyond that to save tax. Furuseth do not think DNB has done nothing illegal.

– Then it must be complicity in tax evasion, and it shall be very much in order to be judged for. Whether it is morally right, is another matter.

DNB had not the opportunity to comment on the matter, writes the class struggle.

(NTB)