tax evasion
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Tax Evasion Case Against Jónsi Dismissed
Icelandic band Sigur Rós was accused of tax evasion in 2018, which the band denied, stating that it was a misunderstanding. The public prosecutor pursued charges of tax fraud against the band’s lead singer, Jónsi, while charges against other members were dropped.…
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RVK Newscast 222: Prosecutor Appeals Case Against Sigur Rós Lead Singer
Welcome back to RVK Newscast! After a busy print week at Grapevine, editor-in-chief Valur Grettisson is back with all of the latest Icelandic news. Read on for more info and links! The Icelandic nation was appalled by the National Commissioner’s procedure when…
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Tax Evasion Case To Continue Against Jónsi
In 2018, members of Sigur Rós were accused of tax evasion. The band denied all accusations, saying this must have been a misunderstanding. Earlier this week, it became known that the public prosecutor will proceed with the charges of tax fraud against…
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Study Finds 22% Of Corporate Tax Is Lost To Tax Evasion
Iceland’s treasury receives about 22% less of the estimated corporate tax than it should each year because of tax evasion. This percentage is the second highest in the Organisation for Economic Co-operation and Development (OECD), reports RÚV. [su_pullquote]A goodie bag filled with…
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Sigur Rós Call Second Tax Evasion Trial ‘Unjust’
Sigur Rós have called their second prosecution for tax evasion “unjust and draconian”, and claim that it will leave them to face financial ruin or even jail. The band has said that the second trial has caused them to lose faith in…
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Sigur Rós Singer Demands Tax Evasion Dismissal
Sigur Rós singer, Jónsi, (Jón Þór Birgisson) has demanded that the district prosecutor’s tax evasion charges against him be dismissed, reports MBL. The singer’s lawyer has stated that the ongoing investigation into the band’s tax invasion was illegal and therefore could not…
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Fishrot Files: Icelandic Investigations Into Samherji Bribes, Tax Evasion Begin
Two Icelandic banks are already investigating the accounting of Samherji—the Icelandic fishing giant currently embroiled in a scandal involving bribing Namibian officials for fishing quotas, and using a shell company in a tax haven to squirrel away the proceeds, Vísir reports. Samherji’s…
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Fishrot Files: Samherji In Damage Control, But Investigations Continue
Management of Samherji—the Icelandic fishing giant currently embroiled in a scandal involving bribing Namibian officials for fishing quotas, and using a shell company in a tax haven to squirrel away the proceeds—are trying their best to minimise and deflect criticism. However, investigations…
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Fishrot Files: The Response In Iceland So Far
Samherji CEO Þorsteinn Már Baldvinsson has temporarily stepped down from his post, RÚV reports, while investigations are being conducted in the wake of the revelations being brought to light by the Fishrot Files—an exposé by Wikileaks and numerous media outlets showing how…
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Icelandic Fishing Company Engaged In Bribery, Tax Evasion, Plundering African Resources
Some 30,000 documents published by Wikileaks as The Fishrot Files, and subsequently reported on by Stundin, RÚV’s investigative news programme Kveikur, Al-Jazeera and The Namibian, show that Samherji, Iceland’s largest fishing company, has for years been engaging in bribery of public officials…
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Sigur Rós Deny All Tax Evasion Charges Against Them In Court Today
The four current and former members of Sigur Rós appeared at the Reykjavík District Court today to hear and deny the charges of tax evasion and tax fraud that have been levelled against them. RÚV reports that current members Georg Holm and…
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Sigur Rós Band Members Charged With Tax Fraud
Four members of the band Sigur Rós have been charged with tax evasion, just over a year from when they were last charged with the same. RÚV reports that Georg Holm, Kjartan Sveinsson, Orri Páll Dýrason and Jón Þór Birgisson are charged…
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Former Reykjavik Councilperson Found Guilty Of Money Laundering
Júlíus Vífill Ingvarsson, a former Reykjavík City Councilperson for the Independence Party, has been found guilty of money laundering in Reykjavík District Court today, RÚV reports. He received a sentence of ten months in prison, but this will be a probationary sentence…
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Iceland’s Sigur Rós Accused, Then Cleared, Of Tax Evasion
Local media outlet Fréttablaðið reported this morning that members of popular band Sigur rós have recently been accused of tax evasion following an inquiry by the Directorate of Tax Investigations in Iceland. The District Commissioner in the capital area immediately froze around 800…
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Iceland Proposes A Novel Solution To Tax Evasion
Minister of Finance Benedikt Jóhannesson held a press conference today wherein he announced that the Icelandic government has “declared war” against tax evaders, in the wake of reports issued by two different government workgroups on imports and taxes. Benedikt is also the…
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Contractors Also Suspected Of Human Trafficking
The contractors accused of tax and accounting fraud might also be engaging in human trafficking, police suspect. As reported, five people are in custody after a major police operation was launched Tuesday morning. Nine arrests were made in all, and 11 locations…
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Tax Offices Now Has Information On Icelanders Using Tax Shelters
The Directorate of Internal Revenue (RSK) now has in its hands documents that could prove hundreds of Icelanders are using tax shelters. Kjarninn reports that documents detail the records of between 300 to 500 companies owned by or connected to Icelanders, all…
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Iceland Still Hasn’t Bought Tax Dodger Info
The Directorate of Tax Investigations in Iceland has yet to purchase evidence proving Icelanders guilty in over 400 instances of illegal tax evasion, reports Vísir. “We are working on the issue and I believe we are about to settle it,” said Head…
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Wants 150 Million ISK For Tax Dodger Info
The informant looking to sell data proving hundreds of instances of tax evasion at the hands of Icelanders has asked for 150 million ISK or 1.1 million USD, reports RÚV. As reported, since receiving the offer a few months ago, the Directorate…
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HSBC Leak Reveals Icelandic Tax Dodgers
Accounts leaked by a whistleblower reveals that banking giant HSBC helped clients across the world evade hundreds of millions of dollars worth of tax, including six individuals with ties to Iceland across 18 accounts. RÚV reports that a total of 1.3 billion ISK…
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Government Hold Out On Buying Tax Dodger Info
Since receiving an offer from an informant with evidence on a hundred Icelanders guilty of illegally evading taxes a few months ago, the Directorate of Tax Investigations in Iceland has been struggling to obtain political and financial backing from the government. RÚV…
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Tax Committee Chair: “No Choice” But For Government To Buy Tax Evasion Evidence
The chairperson of parliament’s Tax and Economics Committee believes the Icelandic government should buy evidence of tax evasion, a sample of which has already been offered to authorities. RÚV reports that Frosti Sigurjónsson, a Progressive MP and the chairperson of the Tax…
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Possibly Hundreds Of Icelanders Using Tax Shelters
Documents offered to the Directorate of Internal Revenue (RSK) could prove that hundreds of Icelanders are avoiding paying taxes through the use of shelters. The Ministry of Finance is considering purchasing the documents from the unnamed party offering them. Fréttablaðið reports that…